Personal Non-Registered Accounts
Tax Slip | Why you're given one | When will it be available? | How do I use the information on it? |
---|---|---|---|
T3 (Statement of trust income and allocations) Relevé 16 (for Quebec residents)* |
Issued for any fund that has had a distribution in the previous year. These slips show any interest, dividend, or capital gain income earned. |
3/31/2020 |
Find more information from the CRA here!
|
T5 (Statement of investment income) Relevé 3 (for Quebec residents)* |
Issued to report interest income (and some ETF dividends). |
2/28/2020 |
Find more information from the CRA here!
|
T5008 (Statement of Security Transactions) |
When an asset is sold within a portfolio it reports the proceeds of disposition and the book cost. |
2/28/2020 |
|
T5013 (Statement of partnership income) Relevé 15 (for Quebec residents)* |
If you have investment income from a partnership in non-registered accounts, you may receive a T5013. |
3/31/2020 |
Find more information from the CRA here!
|
*Note that for Quebec residents they will receive Relevé 16, Relevé 3, and Relevé 15 as well as T3, T5, and T5013 statements, respectively. The remaining tax slips will be the same.
Tax-Free Savings Accounts (TFSAs)
None! One of the great things about Tax-Free Savings Accounts is that so long as you stay within your contribution limit, there are no messy tax details to deal with (except for in a few uncommon scenarios)! Therefore, there are no corresponding tax slips for TFSAs.
Registered Retirement Savings Plans (RRSPs)
Tax Slip | Why you're given one | When will it be available? | How do I use the information on it? |
---|---|---|---|
Contribution Receipt (2019) |
Your contribution receipts allow you to claim the appropriate deduction to your taxable income! Available for: RRSP |
1/31/2020 |
|
Contribution Receipt (First 60 Days) |
Your contribution receipts allow you to claim the appropriate deduction to your taxable income! Available for: RRSP |
3/27/2020 |
|
T4RSP Relevé 2 (for Quebec residents)** |
Being issued a T4RSP is confirmation that you made a withdrawal from your RRSP account. You'll want to report this on your taxes, and you may need to repay the withdrawal within a certain timeframe - like with Home Buyer's Plan withdrawals or Lifelong Learning Plan withdrawals. Available for: RRSP |
2/28/2020 |
**Note that for Quebec residents they will receive Relevé 2 as well as T4RSP statements.
Learn how to access your Wealthsimple Trade Tax Slips here!
Comments
0 comments
Please sign in to leave a comment.