Changing the tax setting of your portfolio
Content also available for New Zealand and Australian tax entities or on our global site.If you want to change the tax setting in a portfolio with a tax residency from one of the countries below, please click on the country and follow the country specific instructions:
To change your existing default tax setting from ‘Non-registered’, standard tax rules:
1 – Select the ‘Settings’ tab.
2 – Select the ‘Tax settings’ tab.
3 – Select your chosen ‘Tax Entity Type’. Set the Tax Entity of your portfolio to be either:
Non-registered - standard tax rules apply (default).
Registered Retirement Savings Plan (RRSP) - Non-resident withholding tax does not apply for US stocks.
Registered Retirement Income Fund (RRIF) - Non-resident withholding tax does not apply for US stocks.
Tax-Free Savings Account (TFSA) - Income from Canadian investments will be treated as no-taxable by default and not appear on the Taxable Income Report. Non-resident withholding tax still applies.
The ‘Inclusion rate’ percentage can be manually adjusted by typing the percentage in the box.
4 – Click ‘Save’.
Last modified on December 29, 2022 UTC