Tax And Withholding Tax Payable In Your Investment Account

Different types of investment income are subject to differing tax treatment. Depending on the investments that you own, you could pay more tax on the same dollar amount of income. Even tax-sheltered accounts can be subject to avoidable withholding tax in some cases. Minimizing the tax on investment income is a consideration that can help maximize an investor’s returns. Non-Registered Accounts Taxable investment accounts have T5, T3, or T5013 slips issued each February to report...