Non-Registered

RRSP

Contributions

 

 

T4A/Relevé 1 tax slip
(matching contributions)

Matching contributions:
All matching contributions are considered taxable income.

Matching contributions will be reported as income on a T4A/Relevé 1 tax slip at the
end of each year.

If you hold identical shares outside of this non-registered plan, it is your responsibility to track the adjusted cost base (“ACB”) of the shares.

 

T4A/Relevé 1 tax slip
(matching contributions)
RRSP Contribution receipt

Matching contributions:
All matching contributions are considered taxable income.

Matching contributions will be reported as income on a T4A/Relevé 1 tax slip at the
end of each year.

Your contributions and matching contributions:
You will receive an RRSP contribution receipt in January and March showing the total of your contributions and the matching contributions made to your RRSP account.

You are responsible for monitoring how your contributions and the matching contributions affect your personal RRSP
contribution limit.

 

Withdrawals - cash

 

T5008/ Relevé 18 tax slip

A cash withdrawal will result in a capital gain or loss.

The withdrawal transaction will be reported on a T5008/ Relevé 18 tax slip. It is your responsibility to determine the capital gain or loss derived from the withdrawal.

 

T4RSP/Relevé 2 tax slip

A cash withdrawal is taxed as
income.

The withdrawal will be reported on a T4RSP/Relevé 2 tax slip.

Tax will be withheld at source in accordance with tax legislation.

 

Withdrawals –
share certificates

No immediate tax impact

A withdrawal in the form of a share
certificate will not result in a capital
gain or loss at the time of the
withdrawal.

It is your responsibility to track the adjusted cost base (“ACB”) of the shares immediately after the
certificate is issued

T4RSP/Relevé 2 tax slip

A withdrawal issued as a share certificate is taxed as income.

The fair market value of the shares will be reported on a T4RSP/Relevé 2 tax slip.

Tax will be withheld at source in accordance with tax legislation. Some shares may need to be sold to pay the
appropriate withholding tax.

Withdrawals –
transfer cash value to
another RRSP plan

Not applicable

No immediate tax impact.

You can withdraw your shares from the RRSP account and have the proceeds transferred to another RRSP.

There is no immediate tax consequence

Withdrawals –
in-kind transfer to
a non-registered
brokerage account

No immediate tax impact

You can transfer shares from your non-registered account in-kind to your non-registered brokerage account without
immediate tax consequences.

It is your responsibility to track the adjusted cost base (“ACB”) of the shares immediately after the
transfer occurs

Not permitted

Withdrawals –
in-kind transfer
to a registered
brokerage account

T5008/ Relevé 18 tax slip

An in-kind transfer from your non-registered account to a self-directed RRSP is deemed to be a disposition that will result in a capital gain or loss at the time of the transfer.

The deemed disposition transaction will be reported on a T5008/ Relevé 18 tax
slip. Be aware that you cannot claim a capital loss on a transfer to an RRSP

No immediate tax impact.

You can transfer shares from your RRSP account in-kind to a self-directed RRSP
without immediate tax consequences.

Intra Program
transfer – from non-registered to
RRSP

(reverse is not
permitted)

T5008/ Relevé 18 tax slip

The transfer from your nonregistered
account is deemed to be a disposition that will result in a capital gain or loss
at the time of the transfer.

The transfer transaction will be reported on a T5008/ Relevé 18 tax slip. Be aware that you cannot claim a capital loss on a transfer to an RRSP.

RRSP contribution receipt

The transfer into your RRSP account will result in an RRSP contribution receipt
equal to the fair market value of the shares transferred. If you have made other
contributions to your RRSP account during the period, you will receive just one
receipt for the combined amount.

You are responsible for monitoring your personal RRSP contribution limit

Dividend payments

T5/Relevé 3 tax slip

Dividend payments are taxable income even though the dividend is reinvested.

The income will be reported on a T5/Relevé 3 tax slip.

No immediate tax impact

Reinvested dividends are tax-sheltered and are not taxable to you until withdrawn from
your RRSP account.