What tax forms do you provide for my RSP account?

In certain circumstances Federal income tax is required to be withheld on an IRA distribution at a rate of 10% if an election is not made at the time of your IRA distribution. You may elect to have no tax or a different amount withheld. If you roll over your employer-sponsored 401(k) retirement plan assets to an IRA account with us, the distribution may be subject to a mandatory withholding rate of 20%. Any amount not rolled over is subject to tax, and if you are under 59½, an additional 10% early withdrawal penalty may apply. You must roll the entire distribution over, including the amount withheld, within 60 days for the rollover to be tax-free. Income tax is not withheld on a direct rollover…

In certain circumstances Federal income tax is required to be withheld on an IRA distribution at a rate of 10% if an election is not made at the time of your IRA distribution. You may elect to have no tax or a different amount withheld. If you roll over your employer-sponsored 401(k) retirement plan assets to an IRA account with us, the distribution may be subject to a mandatory withholding rate of 20%. Any amount not rolled over is subject to tax, and if you are under 59½, an additional 10% early withdrawal penalty may apply. You must roll the entire distribution over, including the amount withheld, within 60 days for the rollover to be tax-free. Income tax is not withheld on a direct rollover…

Form 1099-INT reports interest income paid to your securities and commodities account for the year, including securities held outside the US (i.e., bonds issued by foreign entities). Interest income may be subject to backup withholding. Form 1099-INT reports any backup withholding as federal income tax withheld. Original issue discount (OID), although a form of interest, is reportable on Form 1099-OID…

Your RRIF withdrawals are reported to the Canada Revenue Agency on a T4RIF tax slip.

Important information:…