Taxes are an important consideration when making any investment decision. The TD Asset Management Inc. tax resource centre is here to provide you with important tax related tools and resources for your registered savings plans, mutual funds, and exchange-traded funds (ETFs) to help you make informed decisions.
For an ETF held in a non-registered account, you will receive a T3/R16 tax slip for distributions received during the tax year from the dealer where you hold your units.
For mutual funds, your T3/R16 tax slips are sent directly by the mutual fund issuer.
Slips are required to be mailed by the end of March.For the breakdown of TD Mutual Funds and TD ETFs distributions for the year, refer to Fund Distributions below.
At TD Asset Management Inc. (TDAM), we understand the importance of tax planning to investors. There are many tax-efficient investment vehicles available to Canadians to help maximize after-tax income and grow their investment portfolios.
For example, you may consider using a Registered Retirement Savings Plan (RRSP) or Tax-Free Savings Account (TFSA) to save for retirement or a Registered Education Savings Plan (RESP) for a child’s education. You may also want to take advantage of appropriate deductions and government sponsored benefits. In addition, consider whether it is advantageous to hold investments that earn relatively tax-efficient income, such as Canadian dividends or capital gains.
TDAM has created this guide to help outline some tax planning information.
People will soon be able to put more money into their Tax-Free Savings Account. The contribution limit is set to rise to $7,000 for 2024, up from $6,500 in 2023. Georgia Swan, Tax and Estate Planner, TD Wealth, joins Anthony Okolie to discuss how the limit gets calculated and how you can make the most of the TFSA benefits.