April Newsletter
Megan Lisowski - Mar 28, 2024
Please note that all 2023 BMO Nesbitt Burns tax related documents have now been mailed out from head office. If you have a non-registered account, your final BMO Nesbitt Burns T3 and Realized Gain/Loss report(s) will be hitting your mailbox any day now (if they have not yet arrived). If you would like an electronic copy of your tax related documents emailed to your or directly to your accountant, please contact us and we would be happy to do so.
At anytime, if you would like to speak with us, please do not hesitate to reach us directly by phone 905-727-5040 or Ridd.Associates@nbpcd.com. We would also be happy to meet with you in person (either in-person, via video or telephone). Please note that our offices are closed on Friday March 29th.
We wish you and your loved ones a Happy Easter weekend!
Tax Filing and Payment Deadlines for Individuals
If you owe income tax to the CRA, your tax return and any balance owing must be submitted by April 30, 2024, to avoid late-filing penalties and interest charges. For self-employed individuals, the income tax filing deadline is June 17, 2024. Any balance owing must be paid by April 30, 2024 to avoid late-filing penalties and interest charges.
Market and Portfolio Update
We are pleased to be sending this e:Newsletter a week early given the Easter long weekend and because markets have been giving signs of a rotation, we felt an update sooner would be welcomed. We invite you to continue reading for updates on tax document mailings, team updates and of course, the full portfolio update
Monthly Features
As the tax filing deadline approaches, below are some reminders to help ensure you’re prepared to file your personal income tax return, and that you maximize your tax savings. It’s important that you have all required tax documents before you prepare your return, otherwise you will be required to file an amendment. In addition, you may want to have your 2022 tax return and the Canada Revenue Agency (“CRA”) – and, if applicable, Revenu Québec – Notice of Assessment handy in case you need to refer to tax information from the previous year.
Tax Document Mailing Schedule
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Depending on your investment holdings and account activity, you could receive a variety of tax slips that you’ll need to prepare your annual tax return. For a brief overview of the various tax slips and supporting documents you may receive from BMO, along with their expected availability dates, refer to our publication, 2023 Tax Documents Overview and Schedule.
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Please make sure that you receive all required tax slips before filing your tax return with the Canada Revenue Agency to prevent having to file an amendment. If you are unsure if you have all of the documents required relating to your BMO Nesbitt Burns accounts, please do not hesitate to call us to confirm.
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Please note: Depending on your document delivery preference, your tax documents will be posted on BMO Nesbitt Burns Gateway® and/or placed in the mail as soon as they are available. If you’re not already registered to access your tax slips exclusively online, please contact us, or register directly via the Gateway sign-in page.
We hope you enjoyed this month's newsletter.
If at anytime you would like to meet with us, please contact us by phone at 905-727-5040 or Ridd.Associates@nbpcd.com. We would be happy to setup an in-person meeting, phone meeting or virtual meeting at a time that is convenient for you. We look forward to reviewing your portfolio and wealth plan as well as answering any questions you may have.
If you know someone who can benefit from what you have learned today, please feel free to forward this newsletter to them.
Warm regards,
