Hayes Vickers Private Wealth would like to share some useful tips and information to help guide you through the 2019 tax season.

This year the Registered Retirement Saving Plan (RRSP) contribution deadline is March 2nd, 2020. This is the last day to complete an RRSP contribution for the 2019 tax year. If you are planning on sending an RRSP contribution from your bank account via a bill payment you must complete the bill payment by February 27th, 2020 in order for the funds to be received into your RRSP by March 2nd.  

The April 30th, 2020 personal income tax return filing deadline is right around the corner and the Client Guide to 2019 Tax Reporting is a useful place to start in helping you understand any tax slips you may receive and provides important mailing dates.

Below we have summarized some of the anticipated mailing dates for the 2019 tax slips:

Your RBC Dominion Securities account tax slips are mailed to your home address or are available through your DS Online if you have elected to receive eTax slips (click here to learn more about eSlips). New this year, mutual funds tax slips issued by RBC Global Asset Management will also be available online. Any third party issued slips will continue to be mailed to your home address.

To help you stay organized we have provided an “Outstanding Tax Document Section” on the cover page of your T5 tax package that shows a list of tax documents you may receive from RBC Dominion Securities as well as a section showing tax documents you may receive from third party issuers outside of RBC (e.g. mutual fund holdings). We recommend that you do not file your income taxes until you have received all outstanding tax slips. We encourage you to contact us if you need clarification on which slips you will be receiving

Please direct your tax related requests to Stephanie Fletcher during the upcoming tax season.