2023 Tax Reporting Guide for BMO Nesbitt Burns

If you owe income tax to the Canada Revenue Agency (“CRA”) or Revenu Québec, your tax return and any balance owing must be submitted by the April 30, 2024 deadline, to avoid late-filing penalties and interest charges.

For self-employed individuals, the income tax filing deadline is June 17, 2024; however, any balance owing must be paid by April 30, 2024 to avoid late-filing penalties and interest charges.

The Registered Retirement Savings Plan (“RRSP”) contribution deadline for the 2023 tax year is February 29, 2024.

註冊退休儲蓄計劃（RRSP）年金受益人可供款至自己的註冊退休儲蓄計劃直到他們達到71歲那年的12月31日為止。

視您的投資持有項目及賬戶活動而定，您可能會收到供您準備年度報稅之用的各種稅單。 For a brief overview of the various tax slips and supporting documents you may receive from BMO, along with their expected availability dates, refer to our publication, 2023 Tax Documents Overview and Schedule.

Please make sure that you receive all required tax slips before filing your tax return with the Canada Revenue Agency, and Revenu Québec for Quebec residents, to prevent having to file an amendment.

請注意： Depending on your document delivery preference, your tax documents will be posted on BMO Nesbitt Burns Gateway® and/or placed in the mail as soon as they are available. If you’re not already registered to access your tax slips exclusively online, please speak with your BMO Nesbitt Burns Investment Advisor, or register directly via the Gateway sign-in page.

T4RSP/RL-2稅單

用來申報從任何註冊退休儲蓄計劃中提領的收入，包括適用的預扣稅金。

T4RIF/RL-2稅單

Reports income from any Retirement Income Fund plan (“RIF”) withdrawals, including applicable withholding taxes.

T4A/RL-1稅單

Reports Educational Assistance Payments made to the beneficiaries of a Registered Education Savings Plan (“RESP”) and/or Accumulated Income Payments (“AIP”) paid to the subscriber during the tax year.

T4FHSA/RL32稅單

Reports contributions, qualifying and taxable withdrawals, income tax deducted and transfers from a First Home Savings Account (“FHSA”) into a Registered Retirement Savings Plan or another First Home Savings Account.

T5/RL-3稅單

申報非註冊投資收入，這可包括股票、債券、派息、利息及任何海外收入。

Please note: Tax slips for any mutual fund corporations and BMO High Interest Savings Accounts held in a BMO Nesbitt Burns non-registered account will be sent directly by the respective fund company.

T3/RL-16稅單

Reports income on investments held in non-registered accounts, including Canadian-based Real Estate Investment Trusts (“REITs”), income trusts, Exchange-Traded Funds (“ETFs”), capital trusts and mutual fund trusts.

Please note: Tax slips for any mutual fund trusts held in a BMO Nesbitt Burns non-registered account will be sent directly by the respective fund company.

T5013/RL-15稅單

用來申報有限合夥企業分配給加拿大居民合作夥伴的收入。

薩斯喀徹溫省探礦抵稅額（SMETC）稅單

SMETC稅單專門提供給投資由採礦或探勘公司發行的合資格可抵稅流轉股的薩斯喀徹溫省納稅人。

T5008/RL-18稅單

詳細說明在稅務年度期間，非註冊賬戶中買賣、贖回或到期的證券持倉，及協助計算資本損益以供報稅用。

魁北克省以外的加拿大居民將收到T5008稅務摘要稅單。魁北克省居民則將收到結合了聯邦及魁北克省報稅資料的「T5008/RL-18組合摘要稅單」。

T5008/RL-18組合摘要稅單包括以下資料：

• 第1頁提供納稅人的個人資料（姓名、地址等）；
• 第2頁提供T5008/RL18組合摘要稅單的說明；以及
• 第3頁及接下來幾頁包括證券處置的詳細資料。

納稅人在所得稅報稅表上必須申報所有列於T5008（魁北克省居民為T5008/RL18）上的交易。

NR4稅單

如果是非稅務居民的加拿大人，則所有付款及預扣稅金都包括在NR4稅單上。NR4是按收入類別（例如信託、公司非註冊或註冊計劃）開立。同時收到信託及公司的所得分配的非居民，將另外收到每類收入的NR4。

Form 1042-S: Foreign Person’s U.S.-Source Income Subject to Withholding

This form is issued to non-U.S. persons that are beneficial owners of flow-through entities with reportable U.S.-source income and withholding tax. 這些表格供向美國國稅局（IRS）申報。

Form 1042-S: Effectively Connected Income from U.S. Limited Partnerships

Non-U.S. partners who received U.S. Effectively Connected Income from a U.S. Limited Partnership are required to report this income to the IRS. 為了履行此項申報義務，該收入必須使用表格1042-S申報。

如要向BMO 索取表格1042-S，請詢問您BMO 利時證券的投資顧問。 The 1042-S will include the amount of the payment(s) you received from the U.S. limited partnership(s) that distributed U.S. Effectively Connected Income and the amount of 1446(a) and/or 1446(f) tax that was withheld and submitted by BMO to the IRS.

1099 Official Package: For Qualified Intermediaries (“QI”)/U.S. Persons

The following forms are issued to U.S. persons with income that is required to be filed with the Internal Revenue Service:

• 1099-DIV (Dividends and Distributions): Reportable dividends paid to U.S. persons.
• 1099-INT (Interest Income): Reportable interest paid to U.S. persons.
• 1099-B (Proceeds from Broker and Barter Exchange Transactions): Reportable proceeds from sales or redemptions of securities, issued to U.S. residents.
• 1099-MISC (Miscellaneous Income): Reportable U.S. income not included in any of the above forms (such as U.S. royalty income).
  

表格K-1

Effective as of the 2023 tax year, non-U.S. partners holding a U.S. Limited Partnership will receive a Schedule K-1 tax form. K-1稅表申報合夥人的收入、損失、股息、資本利得等項目。

A non-U.S. Limited Partnership that has U.S.-source income, but no Effectively Connected Income is only required to issue a Schedule K-1 if there were one or more U.S. Limited Partner(s) during its taxable year. In this case, the partnership would issue the Schedule K-1 to its direct U.S. Limited Partner(s), as well as any U.S. Limited partner(s) who hold any interest in the Limited Partnership through a flow-through entity.

RRIF/LIF/LRIF/RLIF/PRIF Evaluation Letter

Approximate mailing date: Late January
請注意： 本文件不在網上提供。
包括在估值書中的詳細資料

• 您的資產在2023年12月31日的價值；
• 在2024年期間必須提領的最低金額；
• Maximum amount that can be withdrawn if you have a Life Income Fund (“LIF”), Locked-in Retirement Income Fund (“LRIF”), Registered Retirement Income Fund (“RRIF”), Prescribed Retirement Income Fund (“PRIF”) and/or a Restricted Life Income Fund (“RLIF”); and
• 您希望的付款金額與頻率。

2023年稅單摘要

Approximate mailing date: Early February

這份摘要詳述您在BMO 持有的賬戶所將收到的稅單，以確保您在沒有收到所有的BMO 稅單前切勿申報您的所得稅。本摘要列出您所有的T3/RL16、T5/RL3分割股份及T5013/RL15合格的證券持有項目， 您將在二月底至三月底之間收到這些稅單。

Additionally, the Summary includes an overview of tax receipts and the expected delivery dates of the T5/RL3/NR4 (regular equity and split share or debt instruments), T3/RL16/NR4, and tax slips from fund companies and High-Interest Savings Accounts (“HISA”).

國外證券報告
預定郵寄日期：二月初

加拿大居民有義務繳交來自全世界所有來源收入的所得稅。 You must file a CRA T1135 Form (Foreign Income Verification Statement), if at any time during the tax year, the total cost amount of all your specified foreign property was more than CAD$100,000.

海外資產申報表列出您透過BMO 利時證券持有的所有海外證券的清單及其價值。這不是一份正式稅務文件，其目的旨在協助您確認您是否需要提交CRA T1135表格。

已實現盈虧報告
Approximate mailing date: Mid March

這份報告提供您在所有BMO 利時證券非註冊賬戶中所持有證券的已實現損益情況。這份報告將於三月中寄出；它並非正式的稅務申報文件。

Please note: There may be differences between the adjusted cost base (“ACB”) on the Realized Gain/Loss Report and your T5008/RL18 tax slip(s). 會出現這個差異是因為T5008/RL18並未考慮賬戶持有人在該年度中出售證券的任何資本回報。 However, the Realized Gain/Loss Report reflects the ACB for the security, based on the return of capital reported on your T3/RL16 and T5013/RL15 tax slips.

註冊遺產稅單

根據註冊賬戶，會開立稅單以反映死亡日期前後的付款情況。 Form RC249 Post-Death Decline in Values is also issued when applicable and filed with regulatory agencies.

如果您的遺產賬戶中有任何收入，您可能會收到NR4、 T3/RL-16、T4A/RL-1、T4RSP/RL-2，或T4RIF/RL-2稅單。有幾種選擇性報稅您可以選擇申報，以減少死者的應納稅額。如需如何正確報告與申報遺產稅的更多資訊，請諮詢您的稅務顧問。

外匯兌換（稅單及盈虧報告）

在申報所得稅時，所有金額都必須轉換成加幣。請注意，稅單上所列出的金額可能會與損益報告上的金額不同。這是因為有些稅單是採用投資項目當地的貨幣開立，而損益報告則是以加幣開立。

Tax information is provided based on your preference (i.e., either mailed or provided online through your BMO Nesbitt Burns Gateway® account). 請聯絡您BMO 利時證券的投資顧問，以索取您的稅單副本及任何相關的收入報告及報表。

如果您發現您的稅單上有任何財務及/或非財務資料方面的問題，請立即通知您BMO 利時證券的投資顧問。您的投資顧問會進行調查以確保您收到修正後的稅單，如需修正的話。我們也會將正確的資料更新到我們的系統中，同時向相關的稅收機構申報任何適用的修正資料。

如果您所在國家或地區的居民身分改變，或您在魁北克的居民身分出現居民或非居民身分改變（如果您在加拿大境內搬家），也請立即通知您的投資顧問。當我們的系統已更改了居民資料時，所有在居民資料變更當日或之後收到的派息都會顯示在相關的稅單中（例如加拿大T稅單、魁北克稅務局稅單或NR4稅單），並且還包括正確的預扣稅金（如適用）。

Tax slips are issued to the primary accountholder and include the primary account holder’s Social Insurance Number (“SIN”) and Legal name. Where applicable, the joint account holder’s SIN and Legal name are also included.

每位聯名賬戶持有人都有責任根據其對於投資的原始供款，申報總收入中其個人的部分。

從法律及稅務觀點而言，非正式信託或信託賬戶是一項複雜的信託。這些賬戶用來為未成年的子女撥出一筆資金，通常是為了日後的教育費用而設。然而，信託賬戶缺少正式的信託文件。

以稅務而言，信託被視為（個別）納稅人，因此涉及多項受託人（即持有並且管理該項信託的人）必須要遵守的報稅規定。 The tax slip(s) are to be issued in the ‘name and SIN’ of the Trustee, and not the beneficiary(s).

海外分拆是由海外企業以不同企業的股份形式分派的股息。在申報加拿大所得稅時，海外分拆是以海外應稅股息的方式進行申報。所得稅法規第86.1節允許某些遞延稅負選擇，可遞延您的應納稅額直到原始股份及分拆股份均處置完成為止。海外分拆交易將會開立T5/RL-3稅單以供申報。

For more information on eligible foreign spin-offs from BMO, refer to our publication, 海外分拆稅負遞延

您也可參閱由CRA出版的適用的分拆交易（Eligible spin-offs），以查看CRA核准的分拆交易清單。

請諮詢您的會計師或其他稅務顧問，確認您在T5008/RL18中方格20所申報的投資項目的稅務成本基礎。此外，請保留賬戶結單/交易記錄以對於成本基礎進行任何必要調整，以便確認您的投資項目的正確盈虧數字。

The tax cost base may be different from the original purchase price and information available to BMO at the time of preparing this form due to various reasons, including: corporate re-organizations, tax elections, and distributions (such as return of capital); the requirement to calculate, for tax purposes, a weighted-average cost of a security that is held across more than one non-registered account, including accounts held with other financial institutions; or due to other factors such as foreign exchange, immigration, superficial losses, etc.

如果出售某證券後對客戶造成資本損失，並且如果在出售前的30個日曆天開始至出售後的30個日曆天期間購買了相同的證券，則CRA可能將這筆交易視為「表面」虧損，因此不允許任何資本虧損扣除額。如果這筆以虧損處置的證券是在註冊賬戶內持有，則這筆證券將不會實現表面虧損。

For additional information please refer to the CRA’s publication, What is a superficial loss?

免稅儲蓄賬戶（「TFSA」）不開立稅單。免稅儲蓄賬戶（TFSA）賺取或從中提領的收入為免稅，除非您超過供款上限。超出供款限額的任何超額供款如保留在賬戶中，將必須支付每月1%的罰款。

計算TFSA供款額度

凡是未使用的免稅儲蓄賬戶（TFSA）供款額度都會自動從上一年累積至下一年。客戶最多可供款至當年的免稅儲蓄賬戶供款上限，以及：

• 任何過去未使用的供款額度；以及
• 不超過他們在去年提領的任何金額。

只有供款至使用存檔資料中有效的加拿大社會保險號碼（SIN）的TFSA賬戶，才會被接受是TFSA供款。

非居民可繼續保有免稅儲蓄賬戶，但是不得進行新供款。 You should confirm your annual TFSA contribution limits with the CRA by using their “My Account” application, or by calling the Tax Information Phone Service (“TIPS”) at 1-800-267-6999.

The First Home Savings Account ("FHSA") is a new registered plan that enables prospective first-time home buyers with the ability to contribute up to $40,000 over the life of the plan -capped at contribution limit of $8,000 per year -toward saving their first home, tax-free. Contributions made to an FHSA are tax-deductible and the income earned in the account is tax-free. 此外，為購買第一套房子的合資格提款可免稅。

Features of the FHSA:

• 終身供款上限為$40,000，年度供款上限為$8,000。未使用的年度供款上限部分可遞轉至未來的年度使用。超額供款每月會被處以1%的罰款。
• Contributors may choose which year to deduct their FHSA contribution(s) (e.g., it does not have to be the year in which the contribution was made).
• An individual may transfer funds from an FHSA to another FHSA on tax-free basis.
• Funds from an RRSP to an FHSA can be transferred on a tax-free basis, subject to the FHSA annual and lifetime contribution limits and the qualified investment rules.
• On the breakdown of a marriage or a common-law partnership, an amount may be transferred directly from the FHSA of one party in the relationship to an FHSA, RRSP, or RRIF of the other. 在此情況下，所轉出的金額將不會算回到轉出方的任何供款額度中，也不會計入轉入方的任何供款額度中。
• 配偶或同居伴侶可被指定為賬戶持有人繼承人，在這種情況下，賬戶可維持其免稅身分。
• For non-residents of Canada, taxpayers can continue to participate in an FHSA, but they cannot make contributions or qualifying withdrawals. 非稅務居民的提款必須預扣稅金。

The annual contribution period for the First Home Savings Account ("FHSA") is January 1 to December 31. For the 2023 tax year, contributions made to the FHSA between April 1, 2023, and December 31, 2023, can be deducted on your 2023 income tax and benefit return.

Further information on the FHSA and contribution room can by confirmed with the CRA by using their “My Account” application, or by calling Tax Information Phone Service (“TIPS”) at 1-800-267-6999.

加拿大稅籍號碼是指：

• 如果是個人，是指社會安全號碼（「SIN」）；
• 如果是實體（即，公司、合夥公司、協會等），則是CRA商業號碼及魁北克企業號碼；以及
• 正式的信託/遺產的信託號碼。

收件人識別號碼是強制性稅籍號碼，必須包括在資料申報表中。金融機構必須做出合理的努力以取得收件人的稅籍號碼並且在資料申報表中提供。

CRA商業號碼

• CRA商業號碼是一個唯一的九位數號碼，是個標準的識別符號，為一家企業或合法實體所獨有。
• Your CRA Business Number can be obtained by logging into your CRA My Business Account. 
• 如需更多資訊，請參閱加拿大政府的商業號碼資源。

魁北克企業號碼

The Quebec Enterprise Number (“NEQ”) is a ten-digit numerical identifier assigned to every company or business registered in Quebec with the Quebec company registry (Registraire des entreprises du Québec).

Your NEQ can be found on the Quebec Company Registry site. 

若要查詢更多詳情，請參見， 魁北克政府：了解企業註冊辦法（Government of Quebec: Learn About the Registration of an Enterprise）以及Revenu Québec：申請信託識別號碼（Application for a Trust Identification）。

補充性的非監管報告可讓您和您的報稅人員輕鬆申報您的年度報稅。請洽詢您BMO 利時證券的投資顧問以協助您取得以下的輔助性稅務報告：

註冊摘要報告

• Summarizes contributions, withdrawals, applicable withholding tax, and account activities during the tax year for Registered Accounts (i.e., RRSPs, RIFs, LIFs, LRIFs and TFSAs).

非註冊摘要報告

• 對於稅務年度期間的股息、資本利得、資本回報、利息、其他收入、費用、預扣稅金及已實現損益的摘要。
• 包括稅務年度的賬戶活動及該年度內的每日最高收盤市值。

實體賬戶的日曆年年終報告及特殊年終報告

• 對於實體賬戶於前一個會計年度期間的應稅交易、現金流進出、出售/處置證券而來的任何費用和收費及已實現損益的摘要。

對於在2023年12月30日之後結束的稅務年度（2023年稅務年度及之後的稅務年度），有適用於多數明示信託/個人信託的加拿大居民的新申報規定。即使這些信託沒有所得稅應納稅額，且在此年度中信託沒有分紅/資產分配，但是這些信託仍需要進行年度報稅。

如果這一年中沒有應付所得稅、沒有分紅且沒有處置資本財產，則以下信託將繼續免於提交T3申報表與申報額外的受益所有權資訊表：

• 信託時間不及三個月的信託；以及
• 在此稅務年間持有$50,000以下的信託資產（前提是所持有的信託限存款、政府債券及上市公司證券）。

若要查詢更多詳情，請參考信託報稅新規定 - BMO 私人財富刊物。

「公開交易合夥事業」是指其權益在知名的證券市場中公開交易，或已經在二級市場中交易的合夥事業。

On January 1, 2023, the U.S. Internal Revenue Service's new rules impacting clients who hold Publicly Traded Partnerships went into affect, including the following:

• The new 1446(f) Internal Revenue Service regulation, which includes a 10% U.S. withholding tax that can apply to any Publicly Traded Partnership, including non-U.S. Publicly Traded Partnerships.
• The sale of a foreign (non-U.S.) Publicly Traded Partnership will not be subject to the 1446f withholding tax if the Publicly Traded Partnership provides a Qualified Notice (e.g., a '92 Day Notice’).
  • 請注意： if an entity is organized outside of the United States and trades solely on a foreign established securities market or foreign secondary market (foreign-traded entity) it is presumed not to be a Publicly Traded Partnership for U.S. tax purposes –unless the broker has actual knowledge otherwise.

此一規定造成以下的改變，因此可能會影響到納稅人：

• Selling an interest in a Publicly Traded Partnership after December 31, 2022, may result in a 10% U.S. withholding tax being deducted from the proceeds by BMO, who must submit the tax to the IRS;
• BMO must request a U.S. Tax Identification Number from any client holding a Publicly Traded Partnership on, or after, January 1, 2024, if the Publicly Traded Partnership distributed U.S. Effectively Connected Income or U.S. Effectively Connected Net Income during 2023;
• For U.S. tax purposes, a foreign partner's gain or loss from the sale of a Publicly Traded Partnership that is engaged in a U.S. trade or business is treated as income that is effectively connected with a U.S. trade or business. This means that the foreign partner is required to file a U.S. income tax return and report the income for U.S. tax purposes. Consequently, to fulfil this requirement, the foreign partner must have/obtain a U.S. Tax Identification Number from the IRS; and
• Where a client has received a Form 1042-S from BMO that reports the amount of U.S. tax withheld, the client can report the tax withheld on their U.S. tax return and receive a refund of the tax to the extent that the tax withheld exceeds the actual U.S. tax owing on the U.S. tax return.