You can use this list to determine whether you can expect a tax slip based on your account type and portfolio.
Investment Accounts
Account Type |
Is there a tax slip? |
|
RRSP Registered Retirement Savings Plan |
Yes, if you made a contribution. You may get multiple RRSP Contribution Receipts: one for contributions in the last 10 months of the tax year, and one or more for contributions in the first 60 days of the following year. Yes, if you made a withdrawal. You will get a T4RSP tax slip for any withdrawals made from this account. |
|
TFSA Tax-Free Savings Account |
No. Contributions are not tax-deductible, withdrawals are tax-free, plus investment income is tax-free. Therefore, no tax slips! Another reason to love TFSAs. |
|
Individual Non-Registered Account |
Yes, if you earned investment income. You will get a tax slip for any Individual accounts that earned investment income. Whether you get a T3 or T5 depends on the portfolio you’re invested in, which is in the Portfolios list below. Quebec residents may also receive an RL-16, RL-3, or RL-15. Non-residents may also receive an NR4. Yes, if investments were sold or contributed to a registered account. You may receive a T5008 or similar document that will show the proceeds from any deemed dispositions during the tax year. Assante Connect will also prepare a Statement of Gain and Loss which will include the adjusted cost base (ACB) of any deemed dispositions. |
|
RESP Registered Education Savings Plan |
Yes, if you made a withdrawal. If you withdrew from your RESP, you will get a T4A tax slip. |
| Joint Account |
Yes, if you earned investment income. You will get a tax slip for any Joint accounts that earned investment income. Whether you get a T3 or T5 depends on the portfolio you’re invested in, which is in the Portfolios list below. Joint account tax slips are usually issued in the name of the first joint holder on file. In their tax return, each joint holder is expected to report their share of the investment income based on their share of contributions. Quebec residents may also receive an RL-16, RL-3, or RL-15. Non-residents may also receive an NR4. Yes, if investments were sold or contributed to a registered account. You may receive a T5008 or similar document that will show the proceeds from any deemed dispositions during the tax year. Assante Connect will also prepare a Statement of Gain and Loss which will include the adjusted cost base (ACB) of any deemed dispositions. |
| Corporate Account |
Yes, if you earned investment income. You will get a tax slip for any Corporate accounts that earned investment income. Whether you get a T3 or T5 depends on the portfolio you’re invested in, which is in the Portfolios list below. Quebec residents may also receive an RL-16, RL-3, or RL-15. Yes, if investments were sold or contributed to a registered account. You may receive a T5008 or similar document that will show the proceeds from any deemed dispositions during the tax year. Assante Connect will also prepare a Statement of Gain and Loss which will include the adjusted cost base (ACB) of any deemed dispositions. |
|
LIRA Locked-In Retirement Account |
Yes, if you made a withdrawal. You will get a T4RSP tax slip for any withdrawals made from this account. |
|
RRIF Registered Retirement Income Fund |
Yes, if you made a withdrawal. You will get a T4RIF tax slip for any withdrawals made from this account. |
|
LIF Life Income Fund |
Yes, if you made a withdrawal. You will get a T4RIF tax slip for any withdrawals made from this account. |
Portfolios
This section only applies to non-registered accounts (Individual, Joint, Corporate, and Trust Accounts) that earned investment income in the tax year.
| Assante Connect Portfolios | Which tax slip will I receive? |
| High-Interest Savings Account |
A T3 and/or T5 tax slip. Quebec residents may also receive an RL-16 and/or RL-3. Non-residents may also receive an NR4. |
| ETF Portfolios |
A T3 tax slip from each fund. Quebec residents may also receive an RL-16. Non-residents may also receive an NR4. |
| US ETF Portfolios |
A T5 tax slip. Quebec residents may also receive an RL-3. |
For information on accessing your documents and timelines, see our article, When will I receive my tax documents?. The CRA also has more detailed information on different tax slips on their site.