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Frequently Asked Questions

About Mutual Funds

Why did I receive my T3 slip from the Mutual Fund Company so late?

The Canada Revenue Agency requires Mutual Fund companies to complete mailing their T3s by March 31.

 

Why is only one SIN listed on the T3 slip from the Mutual Fund Company for our joint account?

Although tax slips for joint accounts are issued in the name of two (or more) individuals, the Canada Revenue Agency only requires one SIN to be included on the tax slip. As a result, the primary account holder’s SIN will be displayed on your tax slip. Either account owner can use the slip for their tax return. You do not need to amend the tax slip to add any additional SINs.

 

Why haven’t I received any capital gain/ loss reporting from the Mutual Fund Company on transactions that occurred during the tax year?

When the position is held on the books at RBC Dominion Securities, the Mutual Fund company will not report capital gains/ losses. We will issue you this information in the Summary of Security Dispositions that is included in the T5 tax package.

 

How do I request a duplicate of a slip issued by a Mutual Fund company?

Mutual Fund companies deliver tax slips directly to the fundholders, however, you may contact your Investment Advisor to request a duplicate. If it is a Royal Mutual Funds Inc (RBF) or Phillips Hager & North (PHN), your Investment Advisor can retrieve a duplicate from our internal system.

 

Why do Mutual Funds issue both T3s and T5s? Do I receive one of each for every Mutual Fund I hold?

Each Mutual Fund has particular characteristics that require it to report in a T5 or T3, but never both. You will receive either a T3 or T5 per Mutual Fund Company.

 

Why haven’t I received any capital gain/ loss reporting in the form of a T5008 from the Mutual Fund Company?

Mutual Fund Companies do not use the T5008 to report capital gains/ losses when the positions are held on our books. RBC Dominion Securities reports these on the Summary of Security Dispositions that is included in the T5 tax package.

 

The information contained herein has been obtained from sources believed to be reliable at the time obtained but neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers can guarantee its accuracy or completeness. This information is furnished on the basis and understanding that neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers is to be under any responsibility or liability whatsoever in respect thereof. This information is not intended as nor does it constitute tax or legal advice. Clients should consult their own accountant or other professional advisor for more detailed tax related information. RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. ®Registered trademark of Royal Bank of Canada. Used under licence. RBC Dominion Securities is a registered trademark of Royal Bank of Canada. Used under licence. ©Copyright 2017. All rights reserved.