Retirement
Contribution room, deduction limits, mailing - 2019 tax year
By ATB Financial 21 January 2020 less than a minute
‘Tis the season for combing through drawers and filing cabinets to find everything you need to prepare your taxes. It’s also when our awesome customers light up our phones asking about their TFSA contribution room and RRSP deduction limits. We love talking to you, but how about we save you a call?
- Find your personal RRSP deduction limit on your RRSP Deduction Limit Statement provided by Canada Revenue Agency (CRA) on your most recent Notice of Assessment (it came in the mail, you saved it didn’t you?). Or find it by signing in to MyCRA.
- Ask CRA for your individual TFSA contribution room by calling 1-800-267-6999 or by signing in to MyCRA.
Wondering when we’ll be mailing tax forms to customers?
There are some tax forms you’ll need to get from us. Check out our mailing schedule below:
Tax Schedule
| Tax Receipts | - | Estimated Mail Date | Actual Mail Date |
|---|---|---|---|
| RSPOR | Remainder of 2019 First 60 days of 2020 |
01/13/2020 Weekly from Jan 13th to Mar 9th 2020 |
January 20, 2020 Printed every Weekend and Mailed within 5 days |
| FDDOR | Fixed Date Deposit Receipt | 02/07/2020 | - |
| RIFOR | RIF Official Receipt | Weekly from Jan 10th to Mar 7th 2020 | Printed every Weekend and Mailed within 5 days |
| Tax Slips | - | Estimated Mail Date |
|---|---|---|
| T5 | Statement of Investment Income | 02/07/2020 |
| T4A | Statement of Pension, Retirement, Annuity, and Other Income (RESP) | 02/07/2020 |
| T4RIF | Statement of RRIF Income | 02/07/2020 |
| T4RSP | Statement of RRSP Income | 02/02/2020 |
| NR4 | Statement of Amount Paid or Credited to a Non-Resident of Canada | 02/02/2020 |
When does ATB send these tax forms to customers and report to CRA?
| Tax Form | CRA Required Mail Date | CRA Required Mail Date CRA Required Reporting Date |
|---|---|---|
| T5 Statement of Investment Income | End of February | End of February |
| T4RSP Statement of RRSP Income | End of February | End of February |
| T4RIF Statement of RRIF income | End of February | End of February |
| T4A Statement of pension, retirement, annuity, and other income | End of February | End of February |
| T5008 Return on Securities | End of February | End of February |
| NR4 Statement of non-resident income | End of March | End of March |
| RSPOR | End of April | End of April |
| RIFOR | Not required but mailed by ATB | Not required |
| FDDOR | Not required but mailed by ATB | Not required |