by Scott Ronalds

To assist with your tax filing this year, below is a list of the documents Steadyhand clients have received from us based on the type of account(s) held. We’ve also included a brief explanation of their purpose.

Please note: All documents are now provided electronically via our client portal, rather than by mail. This allows us to get them to you faster as well as more efficiently and securely.

Non-registered investment accounts

T3 Slip

If you hold a non-registered account, which simply means an investment account other than an RRSP, RRIF, TFSA or FHSA, we send you a T3 slip for each Steadyhand fund you hold. T3 slips show the realized capital gains, dividend income (and corresponding dividend tax credit, if applicable), and other forms of investment income that you’re responsible for claiming on your return. These slips were uploaded to our client portal in late February.

T5008

Note that T3 slips do not include any capital gains (or losses) that you may have incurred from selling or switching units of Steadyhand funds in your non-registered account. If you made such a transaction(s), we send you a T5008 for each applicable Steadyhand fund. These forms were uploaded in late February.

RRSPs

Contribution Receipt

If you made a contribution(s) to your RRSP between March 2, 2023, and December 31, 2023, we provide you with an RRSP Contribution Receipt for the total amount of contributions you made over this period. These receipts were uploaded in late January.

If you made a contribution(s) between January 1, 2024, and February 29, 2024, we send you a separate receipt for any contributions made in the first 60 days of the year (this amount can be applied to your 2023 tax return, or to a future year if you choose). These ‘first 60 days’ receipts were uploaded earlier this week.

T4RSP

If you made a withdrawal from your RRSP in 2023, we send you a T4RSP slip. This slip shows the amount of any withdrawal(s) you made as well as any withholding tax that we remitted to Canada Revenue Agency (CRA) on your behalf. These slips were uploaded in late January.

RRIFs

T4RIF

If you hold a RRIF, we send you a T4RIF slip. This slip shows the amount of your withdrawals (including your minimum payment and any additional withdrawals you may have made) as well as any withholding tax that we remitted to Canada Revenue Agency (CRA) on your behalf. These slips were uploaded in late January.

FHSAs

T4FHSA

If you made a contribution, withdrawal, or RRSP transfer in or out of a FHSA in 2023, we provide you with a T4FHSA. These slips were uploaded in late February.

TFSAs

If you hold a TFSA, you do not receive any tax slips from us. These accounts are exempt from tax, and any contributions/withdrawals do not generate any tax-related documents. You should be sure, however, to adhere to the maximum contribution limits for these accounts and the rules relating to re-contributions if you do make a withdrawal.

All tax documents related to investments held at Steadyhand are now available in our client portal. If you can’t find a slip/receipt you think you should have, or if you have any questions about a specific document, please contact us at 1-888-888-3147 from 7am - 5pm PT Monday to Friday.