To help you organize for the upcoming tax season, here is some pertinent information regarding estimated tax receipt mailing dates.
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RRSP | Investors will receive an RRSP contribution receipt for any contributions made after the first 60 days of 2023 and one or more separate contribution receipts for any contributions made in the first 60 days of 2024. Typically, companies will mail receipts by March 31st | For contributions made by February 29th | ||
T5 | All investors who reside in Canada and receive $50 or more of investment income (e.g. dividends/interest) will receive a Canada Revenue Agency T5 form. | February 29th | ||
T5008 | All investors who have had dispositions, redemptions, or maturities in a non-registered account in the tax year will receive a T5008 slip. This information is used to assist with the calculation of capital gains and losses. |
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T4A | A T4A is a catchall slip issued when you receive income from pensions, retiring allowance, annuities. or other income. | February 29th | ||
T4RIF/ T4RSP | All investors who are deemed to have made a withdrawal from their Registered Retirement Income Fund or Registered Retirement Savings Plan will receive a T4RIF form or T4RSP respectively. | February 29th | ||
T3 | All Canadian resident investors who are deemed to have received Trust Unit income and capital gains during the fiscal year will receive a Canada Revenue Agency T3 form. | April 1st | ||
T5013/
| All investors who are deemed to have received income from Canadian Limited Partnership Units within the partnership’s fiscal year will receive a Canada Revenue Agency T5013 form. If your partnership is a tax shelter, investors will receive a Canada Revenue Agency T5013A form. | April 1st | ||
NR4 | The NR4 Non Resident Tax Withholding slip is sent to investors who are deemed "Non-Residents of Canada" and receive investment income. In addition to the income amounts, any applicable Canadian Non-Resident Tax that was withheld in the taxation year is also reported. | April 1st |
Please Note:
The most overlooked area of financial planning for business owners and incorporated professionals is the lack of integration between corporate and personal assets. When the majority of your assets are in your corporation you need very specific, specialized and personalized financial advice.
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