As you begin to get ready to prepare your 2022 tax return, we want to ensure you’re aware of important upcoming dates and deadlines so you have everything you need to file your return with minimal hassle.
Important deadlines for 2023
RRSP contribution deadline
The final date for your RRSP contributions to be eligible for the 2022 tax year is March 1, 2023. Refer to your Notice of Assessment (NOA) or access My Account information on the Canada Revenue Agency (CRA) website for your total RRSP contribution limit for the 2022 tax year.
Tax filing deadline for individuals
The deadline to file your 2022 personal income tax return is May 1, 2023, unless you're self‑employed. However, the CRA encourages individuals who expect to receive benefits under the GST Credit or the Canada Child Benefit not to delay the filing of their tax return to ensure their entitlements for the 2023-24 benefit year are properly determined.
Tax filing deadline for self-employed individuals
The deadline to file your 2022 taxes is June 15, 2023 if you're self‑employed.
An approximate timeline of when you can expect tax documents from IG Wealth Management
RRSP contribution receipt
A statement of all RRSP contributions you made between March and December 2022.
Tax slips for individual and corporate accounts (T3, T5, T4A, T5008)
These slips will be issued if you have earned any interest, dividends or capital gains in a Personal, Joint or Business account, depending on the investments you hold in those accounts.
T3 & T5 slips issued on February 25 are mainly related to mutual funds.
You can also run the Realized gain/loss report through Online Access to get additional information for capital gains and losses reported on the T5008.
Note: For any of your holdings in external mutual funds, any T3 or T5 slips will be issued directly to you by the external mutual fund company depending on the timeline determined by the issuer.
RRSP, Spousal RRSP, RIF, Spousal RIF, LIF (T4RSP/T4RIF slips)
These slips confirm the amounts that have been withdrawn from these accounts and have been reported to the CRA.
RRSP contribution receipt, first 60 days of 2023
This receipt confirms all RRSP contributions made during the first 60 days of 2023 (if applicable). These contributions are deductible on your 2022 tax return to the extent you have available RRSP contribution room.
Tax slips for equity securities (T3, T5, T5013)
These slips will be issued if you have earned any interest, dividends, capital gains or partnership income from securities held in a Personal, Joint or Business account.
2022 TFSA limit: $6,000
2023 TFSA limit: $6,500
2022 RRSP limit: 18% of income, to a maximum of $29,210
2023 RRSP limit: 18% of income, to a maximum of $30,780
If you currently hold our iProfile Portfolios, iProfile Private Portfolios or Series U funds, the advisory fee for your non-registered accounts may be deductible when calculating your taxable income. The fee for the 2022 calendar year will appear on you December 2022 client statement.
The dates provided are accurate as of the day of publication; however, they are subject to change and may be updated. Please follow our continued updates to ensure that you are receiving information regarding any potential changes to this schedule. This is a general source of information only. It is not intended to provide personalized tax advice.