Life's Certainties... It's tax time

March 21, 2019 | MPCD Wealth Management


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The 2018 tax season is here. We highlight frequently asked questions about tax documents to help you with your tax reporting this year.

2018 Tax Season

2018 Tax Season – frequently asked questions

 

Do I have all my tax documents?

Each non-registered account receives a Tax Package which includes a checklist on the first page.  This checklist indicates items included in this package and outstanding tax documents you MAY receive - T3, T5013, T5, etc.

The mailing of all other tax slips is contingent on the release of tax information by external issuers. As soon as RBC Dominion Securities receives this information, we prepare your tax slips.  This information is supposed to be reported by March 31 but sometimes there are delays.

All mutual fund tax slips are mailed to you directly from the company including RBC funds.

What do I give my accountant?

Give your accountant EVERY SINGLE DOCUMENT IN THE TAX PACKAGE.  They need all the information that has been provided.

Where are my tax documents?

If you enrolled in eTax delivery, your 2018 tax documents are not being sent by mail and can be retrieved through DS Online.

Please note that tax documents issued by a third party will be mailed directly to you and will not be available online.

How can I sign up for eTax?

You can self-enroll for eTax documents at any time. Please consult our eTax Set-Up Guide or contact one of our team members to assist you.

  • Documents for tax years prior to 2018 are not available online
  • If you recently switched to eTax, you may receive duplicate copies of tax documents in the mail. These documents will also be available to view online.

What is an ACB?

ACB stands for Actual Cost Base, also known as Book Value

If an investment was bought at RBC DS this shows on our Summary of Security Dispositions/T5008.

If your investment transferred in from another firm and we updated your ACB based on information provided by you or your statements the book value will have a # indicated information was provided by another source.


If you have questions about the tax materials you receive from RBC Dominion Securities, please consult our Tax Reporting Guide.

Also, read about important deadlines and tax planning strategies in the article Early 2019 Tax Tips.

We hope we have answered your questions and saved you some time!