TAX SLIP MAILING DATES

TAX SLIP MAILING DATES

Included below are the tax mailing slip schedules from both National Bank and Credential Securities. Please be sure to review these schedules to ensure you receive all your slips before filing your taxes.

2017-Credential-Tax-Slip-Mailing 2017-NBCN-Tax-Slip-Mailing-Schedule1

2017-NBCN-Tax-Slip-Mailing-Schedule1

In addition, there are a couple of extra slips expected for BCV Asset Management clients:

Special reporting:
BCV invests in three companies; Artis Real Estate Investment Trust, Brookfield Business Partners LP and Brookfield Property Partners LP, which have a different type of reporting. Artis Real Estate Investment Trust distributions are reported on the Canada Revenue Agency Form T3 (Statement of Trust Income Allocations and Designations). The Brookfield Business Partners LP and Brookfield Property Partners LP distributions are reported on Canada Revenue Agency Form T5013 (Statement of Partnership Income). The deadline to mail these forms is the last day of March.

Schedule K-1 for US reporting:
In addition to these tax forms for non-registered accounts, investors in Brookfield Business Partners LP and Brookfield Property Partners LP registered and non-registered accounts should expect to receive Internal Revenue Service Schedule K-1 (Partners Share of Current Year Income, Deductions, Credits and Other Items) in early March. Brookfield Property Partners LP is obliged to send this document to all unitholders, without regard to whether the account is a registered or non-registered account, or whether a Canada Revenue Agency Form T5013 has been sent. In general, Canadian and other non-U.S. unitholders (who are not U.S. residents) may disregard the Schedule K-1.

For clients that have made RRSP or Spousal RRSP contributions in the first sixty days of 2017, the tax slips for these contributions will be distributed in March 2017.

Should you have any questions, please contact our office at 780-490-4200.

RRSP & 2017 TFSA CONTRIBUTIONS REMINDER

RRSP & 2017 TFSA CONTRIBUTIONS REMINDER

This will serve as a friendly reminder of the contribution limits and cut-off dates for RRSP and/or TFSA contributions if you are planning to make one this year.

RRSP Contributions:

The cut-off date for your RRSP contributions to count toward reducing your income for 2016 is March 1st, 2017. This year’s contribution limit is 18% of your taxable income up to a maximum of $25,370, whichever is less. If you have un-used contribution room from previous years, you may contribute more than the $25,370 maximum, but one needs to be careful not to over-contribute.

TFSA Contributions:

If you would like to contribute to a TFSA for 2017 the limit is $5,500 for the year, unless you have not maxed out your contributions. The maximum one could have deposited into their account since 2009 is $52,000 as of 2017.

Contributions can be made through these methods:

Online: Simply add your Custodian (National Bank Correspondent Network or Credential Securities) as a “Payee” through your online banking, and include your account number. If you need assistance finding your account number, please contact our office. If you choose this method, please also notify us with the amount you are contributing, so we can have your Portfolio Manager watch for it.

Cheque: Please make your cheque payable to your Custodian (NBCN or Credential Securities) and either mail them to us or drop them off at our office. We will notify you once we have received your cheque and will courier it to your Portfolio Manager. Please note that if you mail your cheque, we must receive it at least 2 days prior to the cut-off date (March 1st) in order to ensure it is processed in time.

If you have any questions or would like to book an appointment with us, please contact Cindy in our office at cindy@blackburndavisfinancial.ca or 780.490.4200 ext.103 and she will be happy to assist you.