To make the collection of tax information as efficient as possible, we are sharing our Tax Slips Checklist, which is available on our website.

Keeping track of all your tax slips can be challenging, the checklist simplifies it by helping you organize the tax slips you may be receiving, depending on the type of accounts and investments you hold.

On the second page of the checklist, you will notice the T5008/RL18, Statement of Securities Transactions form. This will be included in your tax package if you had any disposition transactions during the 2023 tax year, and reports details of security positions that were sold, redeemed or matured during the time period.

The T5008/RL18 may be of assistance when calculating Capital Gains/Losses for tax purposes. For your convenience, the T5008/RL18 includes the cost or book value for the security in Box 20. Click here for more details about this enhanced reporting.

Additionally, please bring your attention to the Foreign Property Report in the T5 packages for the 2023 tax year. This report will aid those who are required to file a T1135 Foreign Income Verification Statement. Every client who held a non-Canadian security in a non-registered account in 2023 will receive a foreign property report in their initial T5 package in February.

Further Tax Season enhancements

• Access your tax slips from CIBC Wood Gundy Online! Click here to sign in and access your tax slips at any time, from anywhere! You can also customize your mailing preference if you would prefer your tax packages only be accessed online instead of also mailed to you, moving forward.
• Starting this year, the Tax Package will include a list on the cover page of each tax slip included, to easily keep track of what else you require!
• If you are considering working with an accountant, we recently published a blog on the benefits of their expertise. Click here to learn more. We are always happy to facilitate a referral, where appropriate!