Do non-residents of Canada receive tax slips?
Non-residents who have a non-registered account do not receive a T3 or Relevé 16 tax slip. Instead, they receive a NR4 supplementary tax slip in which the taxable portion of the distributions is indicated. Based on the unitholder’s country of residence, National Bank Securities must withhold 15% to 25% tax on distributions. Capital gains distributions and returns of capital are not subject to such withholding of tax. Distribution amounts are shown in Box 16 “Gross Income”. Tax withheld by National Bank Securities on distributions and remitted to Revenue Canada is indicated in Box 17. Taxes withheld and remitted to Revenue Canada are generally deductible against tax payable in the country of residence. For more detailed information, unitholders should consult an tax advisor. Tax implications of a redemption or exchange of National Bank Mutual Fund units REGISTERED ACCOUNTS Capital gains or losses from the sale of units are not taxable if the transactions are carried out within a registe
Non-residents who have a non-registered account do not receive a T3 or Relevé 16 tax slip. Instead, they receive an NR4 supplementary tax slip in which the taxable portion of the distributions is indicated. Based on the unitholder’s country of residence, National Bank Securities must withhold 15% to 25% tax on distributions. Capital gains distributions and returns of capital are not subject to such withholding of tax. Distribution amounts are shown in Box 16 “Gross Income”. Tax on distributions that has been withheld by National Bank Securities remitted to Revenue Canada is indicated in Box 17. These taxes are generally deductible against tax payable in the country of residence. For more detailed information, unitholders should consult a tax advisor. Tax implications of a redemption or exchange of National Bank mutual fund units REGISTERED ACCOUNTS Capital gains or losses from the sale of units are not taxable if the transactions are carried out within a registered account (RRSP, RRIF,
