Canada | Distributed investment plans required to request certain investor information by 15 October 2023

21 September 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Asset Management|Canada

A distributed investment plan (DIP) that is a selected listed financial institution is required to make a written request to obtain certain information from its investors by 15 October 2023.
Without this information, certain investors may be deemed to be residents of the highest-rate province, resulting in the DIP having higher tax liabilities or lower refunds.
The required information depends on the type of investor and the value of the holdings.

A distributed investment plan (DIP), which generall…

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