Author Topic: Questrade Canada tax forms  (Read 2611 times)

nobodyspecial

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Questrade Canada tax forms
« on: March 01, 2016, 09:55:09 AM »
This is my first year with money in taxable accounts at Questrade.
They emailed to say 2015 account forms were available today - but it is just a statement listing each purchase.

Do they issue a tax form with the eligible / non-eligible dividends, capital gains (Ha Ha) to put into the tax return ?
Or do I have to work it all out myself ?

ps IIRC you can't claim the tax break on ETF dividends - even if it is a Canadian ETF ?

Cathy

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Re: Questrade Canada tax forms
« Reply #1 on: March 01, 2016, 10:14:02 AM »
Regarding tax forms, Questrade historically issues them at different times. For the 2014 tax year, they staggered the release of the tax forms, with the first form being released on February 26, 2015, the second form being released on March 2, 2015, and the third form being released on March 31, 2015. I don't remember which was which, but you shouldn't be concerned that you haven't received everything you're expecting yet.

I won't be answering your substantive tax questions at this time as I don't feel like writing a well-sourced essay on them at the moment.
« Last Edit: March 01, 2016, 10:16:10 AM by Cathy »

fingaround

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Re: Questrade Canada tax forms
« Reply #2 on: March 01, 2016, 09:57:56 PM »
If you have individual dividend-paying stocks in your taxable account, then Questrade should have issued you T5 statements by now. Likewise, any interest on money market funds should have been declared on a T5.

Your ETF's will have T3 statements and those will appear on Questrade, but you may not see them until April. Those T3's will indicate any dividends, return of capital, income, foreign income withheld, and distributed capital gains. If you have a Canadian ETF that holds Canadian stocks, their dividends will be eligible for the dividend tax credit, and the amount of that credit will be on the T3.

Al1961

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Re: Questrade Canada tax forms
« Reply #3 on: March 02, 2016, 12:16:59 AM »
If you have individual dividend-paying stocks in your taxable account, then Questrade should have issued you T5 statements by now. Likewise, any interest on money market funds should have been declared on a T5.

Your ETF's will have T3 statements and those will appear on Questrade, but you may not see them until April. Those T3's will indicate any dividends, return of capital, income, foreign income withheld, and distributed capital gains. If you have a Canadian ETF that holds Canadian stocks, their dividends will be eligible for the dividend tax credit, and the amount of that credit will be on the T3.

Agreed.

If you have ETFs with foreign holdings, the T3/Summary will also detail any foreign taxes withheld.

My tax forms were posted on-line by TD Direct Investing on March 20 last year. So a few weeks yet before I can file taxes. My understanding is that the T3 info is not released until after the conclusion of the ETFs own year-end audit.

Al