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Tax Season Ahead

Well I’m sure everyone is thrilled to be reminded that tax season is ahead, and a flurry of T3s, T4s and T5s will be sent in the mail over the next 10 weeks or so.

To help you prepare, I have attached a useful summary from our Head Office at Leede, Jones, Gable, outlining which slips are which, and when they might be expected to show up in your mailbox.

YEAR END TAX Slips from Leede 2016

In addition, I have provided a few links below that might help you understand how gains (or losses) are calculated in your taxable investment accounts. Confusion often arises over how the purchase, or book cost of an investment is calculated, and I admit it can be rather confusing. If you are unsure what this all means please give me a call. In most cases I will advise that individuals with taxable events to report in an account should seek assistance from a professional tax preparation service.

http://www.finiki.org/wiki/Adjusted_cost_base

http://www.finiki.org/wiki/Main_Page

http://www.theglobeandmail.com/globe-investor/investor-education/the-abcs-of-tracking-your-acb/article17838427/

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