Important dates to help you get ready for tax season

As you start preparing your 2019 return, we want to ensure you’re aware of important upcoming deadlines and dates, so you have everything you need to file your return with minimal hassle.

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As you start preparing your 2019 return, we want to ensure you’re aware of important upcoming deadlines and dates, so you have everything you need to file your return with minimal hassle.

Important deadlines for 2020

MARCH 2
RRSP contribution deadline
The final date for your RRSP contributions to be eligible for the 2019 tax year.

APRIL 30
Tax deadline
The deadline to file your 2019 taxes is on or before April 30, unless you're self‑employed.

JUNE 15
Tax deadline (self-employed persons)
The deadline to file your 2019 taxes is on or before June 15 if you're self‑employed.

An approximate timeline of when you can expect tax documents from IG Wealth Management

January 31

RRSP Contribution receipt

The final date for your RRSP contributions to be eligible for the 2019 tax year.  Refer to your Notice of Assessment (NOA) or access My Account information on the CRA website for your total RRSP contribution limit for the 2019 tax year.

February 28

Personal and Business receipts (T5, T4A, T3, T5008)

These will be issued if you have a Personal, Joint, or Business account, depending on the investments you hold in those accounts.

February 28

RIF, Spousal RIF, LIF (T4RIF)

This statement confirms the amounts that have been withdrawn from these accounts and have been reported to the CRA.

MARCH 27

RRSP contribution receipt, first 60 days of 2020

A statement of all RRSP contributions made during the first 60 days of 2020 (if applicable).

T3s for non-Investors’ Group holdings

Important Notice

We are moving all IG Wealth Management accounts to a new digital platform to enable us to expand our service offering and online access to you for your IG accounts.

As a result, you will have received two statements confirming the following: a final closing-out statement from your old account, and a new statement with your new account number and up-todate balance at year-end. It’s important that you keep both of these statements, which will help with your tax reporting, as explained below.   

Tax reporting

ADVISORY FEES 

If you currently hold our iProfile Private Portfolios or Series U funds, the advisory fee for your nonregistered accounts may be deductible in arriving at taxable income.  

As mentioned above, it is recommended that you keep both statements, as together they will provide the total amount of advisory fees that you may be able to deduct for tax purposes. Please consult your tax advisor for more information. 

TAX RECEIPTS  

Depending on the activity within your account(s) last year, you may need to report on your new and old account. Therefore, you may receive one or more tax receipts.  

These are not duplicate receipts and may look different from past receipts depending on the account for which they are issued. Please ensure you report all issued tax receipts on your income tax.  

CAPITAL GAINS TAX SLIP (T5008)

If you made a transaction on both your old and new account in 2019 that triggered a capital gains (or loss), you will receive a separate T5008 slip for each in the mail in February, consistent with the timing of other tax slips. In the past, this may have been included on your statement. Please use this slip when preparing your income tax return.  

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