We don’t know if it is true or not but we have heard that sometimes people do not always open all the investment statements that they receive in the mail. Naw, that can’t be true! We respectfully remind you that at this time of year it is more important than ever to check your mail to make sure you do not discard any valuable documents. Mutual Fund companies are now mailing out RRSP receipts that you will need when completing your 2009 income tax returns in the spring of 2010. For RRSP investments made in 2009 you will receive receipts up to December 31, 2009. For RRSP investments made in 2010 you will receive “First 60 Days of 2010” receipts which must be entered on your 2009 tax returns even if you are not planning to deduct the entire amount for 2009 and are planning to carry some over to 2010 tax year.
Also mutual fund companies, banks and other financial institutions will soon be issuing T3 and T5 receipts reporting your 2009 investment income of interest, dividends and capital gains. Alas, should you not receive an expected statement or should you misplace a receipt for an investment or RRSP arranged through us please just contact us and we will obtain a duplicate for you. Spring is coming and that means another wonderful and exciting tax season will soon be upon us. Make sure you have all your documents in order so you don’t miss any of the fun!