Taxes

FAQs

• I made a mistake in my book value form. Can I correct it?

  To correct a book value form mistake, complete, sign, and return the Adjustment of Book Value form by mail or email.

• What is the RESP grant payment date?

  Discover the RESP grant payment date and eligibility criteria. Visit our page for more details.

• How do I open an RRIF and transfer my RRSP?

  Discover how to open an RRIF and transfer an RRSP to an RRIF.

• How do you calculate the minimum and maximum amount to withdraw from a RRIF or LIF?

  The minimum amount to be withdrawn from an RRIF or LIF is calculated by the NBDB team at the beginning of each fiscal year.

• What is the maximum amount that can be contributed to a TFSA this year?

  Discover the maximum TFSA contribution amount for this year on our National Bank TFSA page. Check your contribution rights with the CRA.

• What is the RESP contribution limit?

  Discover the RESP grant payment date and eligibility criteria. Visit our page for more details.

• What is a Tax-Free Savings Account (TFSA) and how does it work?

  Learn about Tax-Free Savings Accounts (TFSA) and how to grow your savings tax-free. Visit our dedicated page for more information.

• Where can I find the annual minimum and maximum withdrawal amounts for the RRIF and LIF accounts?

  Learn how to calculate your RRIF/LIF withdrawal amounts and where to find them. Visit our website for more details.

• Can I use the book value for tax purposes?

  See how to access your tax information with a T5008 statement and other tax documents.

• How do I calculate my net family income if I contribute to the RESP of a child that I am not the parent of?

  Calculate the net family income for non-parent RESP contributor. Visit National Bank's RESP page for details.

• What does the message "We do not accept 'market' orders on the Pink Sheet" mean?

  Discover the difference between Pink Sheet and traditional stock markets and learn how to place transactions.

• What book value should I indicate if different prices have been paid for the same security?

  The book value corresponds to the average of all purchase prices paid for a security.

• Why is the book value of my position unavailable?

  Discover why the book value of your position may be unavailable and how it's assessed.