TAX FORMS AND SUPPORTING DOCUMENTS YOU MAY RECEIVE
Depending on the type of assets you held in your account during the year, you may receive one or more of the following tax forms. Relevé forms will be mailed with their corresponding Federal equivalent form to clients who reside in Québec. Click here to access a one-page version for easy printing. |
| FORM |
APPROXIMATE
MAILING DATE |
INFORMATION REPORTED |
| Non-Registered |
| T5/R3 |
Mid-February |
Clients who received income of $50 or more from stocks, bonds or interest on credit balances during the year will receive a T5 and a Summary of Investment Income and Expenses. We are required to include on the T5:
- Dividends paid, including the value of stock dividends;
- Interest paid on bonds and cash balances;
- Accrued interest earned during the year (but not yet received) on compound instruments such as GICs and compound savings bonds;
- Foreign income and foreign withholding taxes paid.
The Summary of Investment Income and Expenses summarizes income received as well as charges to your account for dividends owed, interest paid on debit balances and accrued interest paid on the purchase of bonds. The amount in the “Paid to You” column supports the figures reported on the T5. The amounts in the “Paid by You” column may qualify as an investment expense on your tax return.
The Summary of Security Dispositions summarizes the proceeds of any sale or maturity that took place through your account during the year. This report, together with your trade confirmations or month-end statements, will assist you in calculating your capital gains/losses. The Summary of Security Dispositions features:
- Cost information to accompany disposition information, where applicable.
- Daily exchange rate information for dispositions in foreign currencies (to assist you in converting foreign currencies to Canadian funds for your tax return).
- For income from Treasury Bills and other Discount Instruments, this report also summarizes the cost of the securities purchased and the maturity proceeds. The difference between the cost and maturity proceeds is income that must be included on your tax return less any interest reported in previous years.
|
| NR4 |
Mid-February |
Income Paid to Non-Residents of Canada: Clients who are non-residents of Canada that receive investment income. Both the gross amount of the income received and any Canadian non-resident taxes withheld are reported. |
T5/R3
Split Corps |
Late February |
Income from Split Corps securities: Clients who invest in these securities will receive a T5 and Summary of Investment Income and Expenses that summarizes all distributions received from such securities during the year. |
T3/R16
lifepoints |
Throughout March |
Income From LifePoints Program: Clients who participate in the LifePoints Program will receive a T3/R16 directly from Russell Investments. |
T3/R16
Income Trusts |
Throughout March |
Income from Canadian Based Real Estate Investment Trusts (REITS), Income Trusts and Royalty Trusts: Clients who invest in these securities will receive a T3/R16 and Statement of Trust Income Allocations which summarizes all distributions received from such securities during the year. |
| T5013, T5013A, R15 Limited Partnerships |
Throughout March |
Partnership Income: Clients who invested in Limited Partnership Units will receive a T5013 for each Partnership or a T5013A if the Partnership is a tax shelter. |
T3/R16
Russell Sovereign |
Throughout March |
Income from Russell Sovereign: Clients who participate in the Russell Sovereign Investment Program will receive a T3/R16 directly from Russell Investments. |
T3/R16 And T5/R3
Mutual Funds |
Throughout March |
Income from Mutual Fund Trusts: Clients who invest in mutual fund trusts will receive a T3/R16/T5/R3 directly from each mutual fund management company. |
| Registered |
RIF, LIF, LRIF, PRIF
Evaluation Letter |
Late January |
RIF/LIF/LRIF/PRIF Evaluation Letters:
Shows: (i) the value of the client’s assets at December 31, 2007, (ii) the minimum amount that must be withdrawn, (iii) the maximum amount that can be withdrawn if the client has a LIF or LRIF and (iv) the client’s desired payment amounts and frequency. |
| RSP Contribution Receipt |
January through February |
RBC Dominion Securities will issue Contribution Receipts to report the value of cash or securities (“in kind”) contributed to RSP accounts during the calendar year. Receipts will be issued: in early January covering contributions made during the last ten months of 2007, in early February 2008 covering contributions made in January 2008, in mid-February 2008 covering contributions made in the first two weeks of February 2008, and on a daily basis for contributions made in the last two weeks of February 2008. |
| Relevé 7 |
Mid-February |
If there is a qualified transaction in your Québec Stock Savings Plan account, you will receive a Relevé 7. |
| T4A/R2 |
Mid-February |
Registered Education Savings Plans (RESPs): T4A/R2s will be issued to (i) beneficiaries of these plans who received Educational Assistance Payments in the 2007 calendar year, and (ii) Subscribers who received Accumulated Income Payments in 2007. |
| T4RSP, T4RIF, R2 |
Mid-February |
All payments from RSP, RIF, LIF, LRIF and PRIF accounts must be included in your income. Clients who withdrew funds from their RSP will receive a T4RSP, while clients who withdrew funds from their RIF, LIF, LRIF and PRIF plans will receive a T4RIF. |
