Which of my Accounts qualify for a Tax Receipt?
Account Type | Tax Receipt | The Why and How |
---|---|---|
Tangerine Savings Account, Non-Registered | Yes | If the interest earned is $50 or more for the calendar year, you’ll receive a tax receipt. |
Tangerine Tax-Free Savings Account (TFSA), Registered | No | Tax-Free Savings Accounts don’t generate a tax receipt, since interest earned is tax-free. |
Tangerine RSP Savings Account, Registered | Yes | RSP Accounts generate RSP Contribution Receipts. For more information see RSP Receipts FAQs. |
Tangerine RIF Savings Account, Registered | Yes | RIF Savings Accounts generate T4RIF tax slips for any withdrawals made from that Account. |
Tangerine Chequing, Non-Registered | Yes | If the interest earned is $50 or more for the calendar year, you’ll receive a tax receipt. |
Tangerine Business Savings Account, Business GIC Account | Yes | If the interest earned is $50 or more for the calendar year, you’ll receive a tax receipt. |
Tangerine Investment Fund Account, Non-Registered | Yes | Holders of non-registered Investment Fund Accounts (that is, non-RSP, non-TFSA and non-RIF Investment Fund Accounts) will receive a T3 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. |
Tangerine Tax-Free Investment Fund Account, Registered | No | Tax-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, Registered | Yes | RSP Investment Fund Accounts generate RSP Contribution Receipts for contributions made to that Account. |
Tangerine RIF Investment Fund Account, Registered | Yes | RIF Investment Fund Accounts generate T4RIF tax slips for any withdrawals made from that Account. |