The Client Guide to 2018 Tax Reporting is a useful guide to help you understand the array of information RBC Dominion Securities provides during tax season and this year the 2018 guide will be available online.
Tax forms for your RBC Dominion Securities accounts are mailed to your address or can be found on your DS Online if you have elected to receive eTax slips (click here to learn more about eslips).
Below please find anticipated mailing dates:
We recommend that you do not file your income taxes until you have received all outstanding tax slips. Some of your tax slips may be coming from an external company (ex. mutual funds) or may not be included in your tax package if RBC is waiting for information from an external issuer. Please refer to the list in your tax package for outstanding slips to ensure you have everything prior to filing.
There are many different types of tax slips, below are brief descriptions of a few of the more common ones.
The T1135 Slip
This is the Foreign Securities Report, residents of Canada who had an interest in foreign property in 2018 that at any time had a total cumulative cost of more than $100,000 Canadian, must report the existence of these assets to the CRA. These assets are indicated on the T1135 slip, which is to be included with their 2018 personal tax return. If you have questions regarding what is a considered a “specified foreign property”, click here.
The T3 and T5013
The delivery of T3 and T5013 packages depends on the release of information from external issuers. You may receive this information closer to the end of March or mid-April, despite federal government passed legislation in 2007 that requires financial intermediaries to send by March 31.
The T5 Slip
If you receive investment income from sources other than a mutual fund trust or another form of trust, it is most likely that you will receive or have already received a T5 slip. A T5 slip is basically an information document that highlights the different types of investment income received and any foreign taxes paid over the calendar year. This slip does not include income earned on discount instruments.
Please direct your tax related requests to Karen Matos during the upcoming tax season.