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- Your tax reporting package
- Requesting duplicate tax slips
- Additional information slips (issued for trust units, partnership units and registered accounts)
- Mutual fund investors
- Tax document schedule
We have prepared this guide to help you better understand the investment income tax information being mailed to you.
Depending on your investment holdings, you may receive a variety of income tax information slips. This guide lists these tax slips and their approximate mailing dates, and indicates the information that we are required to report to Canada Revenue Agency (CRA) and Revenue Quebec.
We hope this guide will help simplify your financial life during this tax season.
REMINDER: When your tax documents become available you can access them through eDocuments.
Your tax reporting package may include:
- T5 Statement of Investment Income summary
For your reference, your tax package will include a statement summary of Income and Expenses posted to your account during 2020. CRA requires BMO InvestorLine to report your investment income on this CRA authorized form. These slips will be mailed the week of February 22, 2021.
Reportable income includes:
- dividends from taxable Canadian corporations, including the value of stock dividends
- interest from Canadian sources
- foreign income (including the value of foreign spin-offs) and any foreign tax paid by you
- accrued interest earned during the year (but not yet received) on compound instruments such as GICs and Canada Savings Bonds
Note: Interest on short-term Money Market instruments and Accrual Notes cannot be reported on the T5. It is the responsibility of the investor to report this income type on their annual tax return.
For your reference, this statement is a summary of security trading activity for 2020.
CRA and Revenue Quebec require us to report only dispositions of securities in your account. Actual capital gain and loss calculations may require transaction information from prior years. You may wish to seek professional tax advice to assist with these calculations. These slips will be mailed the week of February 22, 2021.
| Details | Important dates |
| Contributions processed from | Mailed the week of January 11, 2021 |
| Contributions processed from | Mailing of contribution receipts five business days after contribution is processed begins the week of January 25, 2021, and weekly thereafter. |
If you are a resident of the Province of Quebec, your investment income will also be reported to Revenue Quebec and to yourself on the R3 Supplementary Statement of Income. These slips will be mailed the week of February 22, 2021.
If you resided in a country other than Canada for all or part of 2020, an NR4 Statement of Amounts Paid or Credited to Non-Residents of Canada will be issued for the period of non-residency, instead of a T5. These slips will be mailed by the week of February 22, 2021.
Requesting duplicate tax slips
Duplicate requests will not be accepted for tax year 2020 until 10 business days after the listed mailing deadline.
Additional information slips (issued for trust units, partnership units and registered accounts):
- T3 Supplementary, Relevé 16Taxable income for trust units and closed-end funds are reported on a T3 and Relevé 16 (for Quebec residents) and mailed to clients the week of March 29, 2021. Depending on the timing required for all administrators to report their annual income, it is possible that two or more T3s and Relevé 16s will be issued.
- T5013 Supplementary, Relevé 15Taxable income for limited partnership units is reported on a T5013 and Relevé 15 (for Quebec residents) and mailed to clients the week of March 29, 2021. You will receive a T5013 and Relevé 15 for each of these units with reportable income.
Note: It is not necessary to have received a cash distribution in order to earn reportable income on these products.
- T4RRSP, T4RRIF and Relevé 2For clients who received registered retirement income (withdrawals from RRSP and payments from RRIF accounts), these slips will be mailed the week of February 15, 2021.
- T5 Statement of Investment Income and Relevé 3 (Additional)Will be issued to report income earned on shares from Split Corporations. The managers of these products do not report the annual income within the time frame required for the bulk T5 production. These additional slips will be mailed the week of February 22, 2021.
For mutual fund investors
For clients who invest in mutual funds, you will receive a T3 directly from each mutual fund company. BMO InvestorLine does not issue mutual fund receipts.
If you have questions about the tax forms you receive from BMO InvestorLine, please contact us at 1 888 776-6886 during our business hours from 8:00 a.m. - 5:00 p.m. ET, Monday to Friday.
Tax document schedule
Tax document | Online availability | Mailing date |
|---|---|---|
Registered accounts | ||
RRSP contribution receipts - remainder of the year | Week of January 11 | Week of January 11 |
RRSP contribution receipts (for the first 60 days) | Week of January 25, and weekly thereafter | Week of January 25, and weekly thereafter |
T4RIF/RL-2/NR4 Income from a RRIF | Week of February 22 | Week of February 22 |
T4RSP/RL-2/NR4 Income from a RRSP | Week of February 15 | Week of February 15 |
T4A/RL-1/NR4 Pension, Retirement, Annuity and Other Income | Week of February 15 | Week of February 15 |
Non-registered accounts | ||
T5/RL-3/N4 investment income | Week of February 22 | Week of February 22 |
T5008 (Trading Summary) | Week of March 1 | Week of March 1 |
T5/RL-3/NR4 Split Shares Investment Income | Week of February 22 | Week of February 22 |
T3/RL-16/NR4 Trust Income Allocations –Trust Units | Week of March 29 | Week of March 29 |
T3/RL-16/NR4 Trust Income Allocations – Capital Trust | Week of March 29 | Week of March 29 |
T5013/RL-15 Partnership Income | Week of March 29 | Week of March 29 |
Realized Gain and Loss Report | Week of March 15 | Week of March 15 |
SK-METC Saskatchewan Mineral Exploration Tax Credit | Week of March 29 | Week of March 29 |
List of Pending Tax Documents | Week of February 22 | Week of February 22 |
Foreign Securities Report | Week of January 25 | Week of January 25 |
As an experienced financial professional with a deep understanding of tax reporting and investment income, I'd like to delve into the details of the information you provided regarding tax reporting packages. This guide seems to be tailored for investors using BMO InvestorLine, offering comprehensive insights into the tax documents they can expect and the corresponding schedules.
Let's break down the key concepts mentioned in the article:
-
T5 Statement of Investment Income:
- Summary of Income and Expenses for 2020.
- Includes dividends, interest, foreign income, and accrued interest on certain instruments.
- Mailed the week of February 22, 2021.
-
Statement of Securities Transaction:
- Summary of security trading activity for 2020.
- Reporting dispositions of securities to CRA and Revenue Quebec.
- Mailed the week of February 22, 2021.
-
RRSP Contribution Receipts:
- Contributions processed between March 3, 2020, and December 31, 2020, mailed the week of January 11, 2021.
- Contributions processed from January 1, 2021, to March 1, 2021, mailed weekly starting the week of January 25, 2021.
-
Relevé 3 Supplementary Statement of Income (Quebec residents):
- Reports investment income for Quebec residents.
- Mailed the week of February 22, 2021.
-
NR4 Statement of Investment Income (non-residents):
- For individuals residing outside Canada.
- Mailed by the week of February 22, 2021.
-
Requesting Duplicate Tax Slips:
- Acceptance of requests for tax year 2020 after 10 business days post-mailing deadline.
-
Additional Information Slips:
- T3 Supplementary, Relevé 16 for trust units and closed-end funds (week of March 29, 2021).
- T5013 Supplementary, Relevé 15 for limited partnership units (week of March 29, 2021).
-
T4RRSP, T4RRIF, and Relevé 2:
- Mailed the week of February 15, 2021, for registered retirement income.
-
T5 Statement of Investment Income and Relevé 3 (Additional):
- Issued for income earned on shares from Split Corporations.
- Mailed the week of February 22, 2021.
-
Mutual Fund Investors:
- Receive T3 directly from each mutual fund company.
-
Tax Document Schedule:
- Specifies online availability and mailing dates for various tax documents.
This comprehensive guide is a valuable resource for investors navigating the tax season, providing clarity on the types of documents they can expect and when to anticipate them. If you have any specific questions or need further clarification on certain aspects, feel free to ask.
