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Getting ready to file your tax return

Tax season is an important and busy time as you gather all your required documents to file your return. We want to help you with this process by explaining what tax slips or other supporting documents you can expect to receive from us, when you can expect to receive them, and other key information, so you’re organized for tax-time.

What tax slips can I expect to receive?

You could receive a number of different tax slips from us, depending on the type of account you have, the income you’ve earned, and contributions you’ve made. 

See also: Important dates for tax slips.

For Margin account holders, at a high level here's what you can expect to receive:

  • If you deposited money into your account or purchased securities, you will not receive a tax slip. The securities you've purchased will appear on a Trading Summary
  • If securities you purchased paid income, like a dividend, we provide you with an Income Summary and tax slip based on your residency
  • If you sold securities you previously purchased (including transferring them to a registered plan), we provide you with a Trading Summary and a T5008 tax slip

For detailed information, see Tax considerations for your Margin account.

For registered account holders, a tax slip can be generated if any of these activities occur, depending on the type of registered account:

  • Contributions
  • Withdrawals
  • Account income earned for U.S. persons from U.S. sources

Note: If you have a Tax-Free Savings Account (TFSA), you do not receive a tax slip (unless you are a U.S. person who has earned income on U.S.-sourced investments).

For detailed information, see Tax considerations for your registered account.

Note: If you are unsure how to use the tax slips you receive, please consult a tax advisor.

  • SwitchArrow How will I know when a tax slip is available in my account?

    You’ll get an email from us as soon as a tax slip is in your account, specifying:
    • Your account
    • Tax slip name
    • If this is an original, amended, or cancelled tax slip (non-registered accounts)

  • SwitchArrow How do I access my tax slips?

    To review and download your tax slips:
    1. Log-in to your Questrade account
    2. Go to REPORTS > Tax slips
    3. Select the Account # and click to download your tax slip

  • SwitchArrow What do I do if I receive an amended tax slip when I have already filed my tax return?

    You may receive an amended tax form if an organization or security revised its tax requirements. If you have already filed your tax return when you receive an amended tax slip and you have access to your CRA account, log in to your account and make the change. Otherwise, complete a T1ADJ form as follows:
    1. Attach the amended tax slip to the T1ADJ form
    2. If you are a Quebec resident, also submit a TP-1.R.V form
    3. Refile with Canada Revenue Agency (CRA) or Revenu Québec
    You can also reach out to your tax or accounting advisor for help.

  • SwitchArrow What if I find an error in my tax slip?

    Contact us by phone or chat and we will help you.

  • SwitchArrow Can I get an amended contribution slip for a registered account, or an amended tax slip for a non-registered account?

    For either situation, contact us by phone or chat. We will look into your situation and get back to you.

  • SwitchArrow What is the deadline for filing my 2020 tax return?

    Deadlines to file taxes are as follows:

    Canada (Canada Revenue Agency – CRA)

    • April 30, 2021 if you/your spouse are not self-employed
    • June 15, 2021 if you/your spouse are self-employed; however, any tax owing is due April 30, 2021 

    U.S. (Internal Revenue Service – IRS): April 15, 2021. 

    For trusts with a taxation year ending on December 31, 2020, the due date for filing returns to the CRA is March 31, 2021.

  • SwitchArrow Disclaimer

    Questrade does not provide tax or accounting advice.

    These materials have been prepared for your information only and are not intended to provide, and should not be relied on for, tax or accounting advice. You should consult your own tax and accounting advisors for these matters. 

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The information contained in this website is for information purposes only and should not be used or construed as financial or investment advice by any individual. Information obtained from third parties is believed to be reliable, but no representations or warranty, expressed or implied is made by Questrade, Inc., its affiliates or any other person to its accuracy.

Questrade Wealth Management Inc. (QWM) and Questrade, Inc. are wholly owned subsidiaries of Questrade Financial Group Inc. Questrade, Inc. is a registered investment dealer, a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF), the benefits of which are limited to the activities undertaken by Questrade, Inc. QWM is not a member of IIROC or the CIPF.

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