Guide to your 2020 investment income tax reporting package

We have prepared this guide to help you better understand the investment income tax information being mailed to you.

Depending on your investment holdings, you may receive a variety of income tax information slips. This guide lists these tax slips and their approximate mailing dates, and indicates the information that we are required to report to Canada Revenue Agency (CRA) and Revenue Quebec.

We hope this guide will help simplify your financial life during this tax season.

REMINDER: When your tax documents become available you can access them through eDocuments.

Your tax reporting package may include:

  1. T5 Statement of Investment Income summary
    For your reference, your tax package will include a statement summary of Income and Expenses posted to your account during 2020. CRA requires BMO InvestorLine to report your investment income on this CRA authorized form. These slips will be mailed the week of February 22, 2021.

    Reportable income includes:

    • dividends from taxable Canadian corporations, including the value of stock dividends
    • interest from Canadian sources
    • foreign income (including the value of foreign spin-offs) and any foreign tax paid by you
    • accrued interest earned during the year (but not yet received) on compound instruments such as GICs and Canada Savings Bonds
    Note: Interest on short-term Money Market instruments and Accrual Notes cannot be reported on the T5. It is the responsibility of the investor to report this income type on their annual tax return.


  2. Statement of securities transaction
    For your reference, this statement is a summary of security trading activity for 2020.

    CRA and Revenue Quebec require us to report only dispositions of securities in your account. Actual capital gain and loss calculations may require transaction information from prior years. You may wish to seek professional tax advice to assist with these calculations. These slips will be mailed the week of February 22, 2021.

  3. RRSP contribution receipts for 2020

    Details

    Important dates

    Contributions processed from
    March 3, 2020 - December 31, 2020

    Mailed the week of January 11, 2021

    Contributions processed from
    January 1, 2021 - March 1, 2021

    Mailing of contribution receipts five business days after contribution is processed begins the week of January 25, 2021, and weekly thereafter.


  4. Relevé 3 Supplementary Statement of Income (Quebec residents)
    If you are a resident of the Province of Quebec, your investment income will also be reported to Revenue Quebec and to yourself on the R3 Supplementary Statement of Income. These slips will be mailed the week of February 22, 2021.

  5. NR4 Statement of Investment Income (non-residents)
    If you resided in a country other than Canada for all or part of 2020, an NR4 Statement of Amounts Paid or Credited to Non-Residents of Canada will be issued for the period of non-residency, instead of a T5. These slips will be mailed by the week of February 22, 2021.


Requesting duplicate tax slips

Duplicate requests will not be accepted for tax year 2020 until 10 business days after the listed mailing deadline.



Additional information slips (issued for trust units, partnership units and registered accounts):



For mutual fund investors

For clients who invest in mutual funds, you will receive a T3 directly from each mutual fund company. BMO InvestorLine does not issue mutual fund receipts.

If you have questions about the tax forms you receive from BMO InvestorLine, please contact us at 1 888 776-6886 during our business hours from 8:00 a.m. - 5:00 p.m. ET, Monday to Friday.



Tax document schedule

Tax document

Online availability

Mailing date

Registered accounts

RRSP contribution receipts - remainder of the year

Week of January 11

Week of January 11

RRSP contribution receipts (for the first 60 days)

Week of January 25, and weekly thereafter

Week of January 25, and weekly thereafter

T4RIF/RL-2/NR4 Income from a RRIF

Week of February 15

Week of February 15

T4RSP/RL-2/NR4 Income from a RRSP

Week of February 15

Week of February 15

T4A/RL-1/NR4 Pension, Retirement, Annuity and Other Income

Week of February 15

Week of February 15

Non-registered accounts

T5/RL-3/N4 investment income

Week of February 22

Week of February 22

T5008 (Trading Summary)

Week of February 22

Week of February 22

T5/RL-3/NR4 Split Shares Investment Income

Week of February 22

Week of February 22

T3/RL-16/NR4 Trust Income Allocations –Trust Units

Week of March 29

Week of March 29

T3/RL-16/NR4 Trust Income Allocations – Capital Trust

Week of March 29

Week of March 29

T5013/RL-15 Partnership Income

Week of March 29

Week of March 29

Realized Gain and Loss Report

Week of March 8

Week of March 8

SK-METC Saskatchewan Mineral Exploration Tax Credit

Week of March 29

Week of March 29

List of Pending Tax Documents

Week of February 22

Week of February 22

Foreign Securities Report

Week of January 25

Week of January 25