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Which of my Accounts qualify for a Tax Receipt?

Account TypeTax ReceiptThe Why and How
Tangerine Savings Account, Non-RegisteredYesA T5 / RL-3 tax receipt is issued if the interest is earned is equal to or exceeds $50 in a given calendar year per registration.
Tangerine Tax-Free Savings Account (TFSA), RegisteredNoTax-Free Savings Accounts don’t generate a tax receipt, since interest earned is tax-free.
Tangerine RSP Savings Account, RegisteredYes

RSP Savings Accounts generate RSP Contribution Receipts for deposits.

 

RSP Savings Accounts generate T4RSP tax slips for any withdrawals made from that Account.

Tangerine RIF Savings Account, RegisteredYesRIF Savings Accounts generate T4RIF tax slips for any withdrawals made from that Account.
Tangerine Chequing, Non-RegisteredYesA T5 / RL-3 tax receipt is issued if the interest is earned is equal to or exceeds $50 in a given calendar year per registration.
Tangerine Business Savings Account, Business GIC AccountYesA T5 / RL-3 tax receipt is issued if the interest is earned is equal to or exceeds $50 in a given calendar year per registration.
Tangerine Investment Fund Account, Non-RegisteredYes

Holders of non-registered Investment Fund Accounts (that is, non-RSP, non-TFSA and non-RIF Investment Fund Accounts) will receive a T3 (RL-16 for Quebec) tax slip for any fund that has had a distribution in the previous year. These slips show any interest, dividend, or capital gain income earned.

 

Client will receive a T5008 (RL-18 for Quebec) slip based on the units sold in the previous year to show capital gain or loss. 

 

The NR4 Tax Slip are generated for non-resident investors, and it shows income derived from distributions.

Tangerine Tax-Free Investment Fund Account, RegisteredNoTax-Free Investment Fund Accounts don’t generate a tax receipt, since all distributions and gains in the Account are tax-free.
Tangerine RSP Investment Fund Account, RegisteredYes

RSP Investment Fund Accounts generate RSP Contribution Receipts for contributions made to that Account.

 

T4RSP tax slip is generated for any withdrawals made during the previous year.

Tangerine RIF Investment Fund Account, RegisteredYesRIF Investment Fund Accounts generate T4RIF tax slips for any withdrawals made from that Account during the previous year.