As you begin to get ready to prepare your 2023 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 2024
RRSP contribution deadline
The final date for your RRSP contributions to be eligible for the 2023 tax year is February 29, 2024. 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 2023 tax year.
Tax filing deadline for individuals
The deadline to file your 2023 personal income tax return is April 30, 2024, 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 2024-25 benefit year are properly determined.
Tax filing deadline for self-employed individuals
The deadline to file your 2023 taxes is June 17, 2024 if you're self‑employed. Any tax balance owing, however, is still due April 30, 2024.
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 2023.
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 26 will be 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These slips confirm the amounts that have been withdrawn from these accounts and have been reported to the CRA.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 2024
This receipt confirms all RRSP contributions made during the first 60 days of 2024 (if applicable). These contributions may be deducted on your 2023 tax return to the extent you have available RRSP contribution room for 2023.
Tax slips for equity securities (T3, 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.
2023 TFSA limit: $6,500
2024 TFSA limit: $7,000
2023 RRSP limit: 18% of earned income, to a maximum of $30,780
2024 RRSP limit: 18% of earned income, to a maximum of $31,560
If you currently invest in the iProfile Program, IG Advisory Account and/or Series F Funds, the advisory fee for your non-registered accounts may be deductible when calculating your taxable income. The fee for the 2023 calendar year will appear on your December 2023 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.