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Do I have to pay tax on NBI Funds?

Distributions paid into your registered accounts (RRSP, RRIF, RESP, LIF, LIRA, DPSP) are not taxable as long as they remain in the account.

For non-registered accounts, income and capital gains are taxed differently. Interest income is taxed in the same way as employment income. Dividend income from Canadian companies entitles you to an income tax credit that will reduce your taxable income. Capital gains are only taxed at 50% of their value.

Need more information? NBI Funds generate additional T3 slips (and RL-16 slips for Quebec residents) that set out all the information you need for your tax return.

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