Tax Reporting Guide for 2017

Dymond Scruton Advisory Group - Mar 04, 2018
CRA’s deadline to file for the 2017 tax year is April 30, 2018.  The sooner you prepare, the better off you’ll be come April 30. You can begin preparing your return now, given you should have received all of your T4 slips and our 2017 client tax pack

CRA’s deadline to file for the 2017 tax year is April 30, 2018.  The sooner you prepare, the better off you’ll be come April 30. You can begin preparing your return now, given you should have received all of your T4 slips and our 2017 client tax package has been sent out or is available online for e-docs subscribers.


In order to help you prepare for your 2017 personal tax reporting, here is some important information that you need to be aware of:

 

Click here for your 2017 Tax Primer to see the details and timeline of the tax forms you can expect to receive based on your activity with us during the year, as well as from other 3rd parties. 

I highly urge you to read the notice above, as it includes the following details:
 

  • What documents are included in your 2017 Tax Package, which you should have received or will receive shortly.
     
  • What documents you will receive from Canaccord Genuity that will be sent separately from this package.
     
  • What documents you will be sent directly from third-party issuers, such as T5 and T3 tax receipts from mutual fund companies.


Important Points of Note:

 

​Tax reporting via Electronic Delivery (eDocs)

​If you have signed up for Electronic Delivery (eDocs) of your monthly account statements, confirmations and tax forms, your 2017 tax reporting will be available online via eDocs as per the enclosed Tax Schedule.  Tax reporting delivered via eDocs will NOT be sent via traditional mail.   For assistance with accessing your online account or eDocs, please contact CC Access Support at 1.866.444.4495 or by email at support@canaccord.com

 
If you are not currently signed up for eDocs and would like to, please contact us.

 

Corporate accounts and Trusts

​For corporate accounts and trusts with a non-calendar fiscal year, please ensure that you or your accountants contact us to generate the necessary reporting info for your fiscal year, when necessary.

 

Mutual Funds held in Taxable Accounts

Clients expecting T5 or T3 tax slips for their mutual funds will receive these DIRECTLY from the mutual fund company.  Canaccord does not issue T5 or T3 tax slips for mutual fund distributions.  Please watch for these in the mail, if they pertain to you.

 

Not Included in your Tax Package
Please see the Tax Primer for a full description.  However, if you held ETF's, Income Trusts, including some REITs, or Limited Partnership Units, hold off on your filing until you receive the necessary reporting documents from CGWM, such as T3s, which will be sent out this week.

 

Please contact us with any questions related to your tax reporting.  If you need professional guidance from an accountant, we can connect you with somebody that we trust and would likely be a good fit for you.

 

Sincerely,

 

Jeff Scruton