Questions on RRSP, RESP, TFSA and Regular Trading Accounts

try this. It's pretty helpful.

https://www.taxtips.ca/rrsp/investmentsinorout.htm

Happy Investing!

Generally best to only start investing in a non-registered account after you have used up all RRSP and TFSA room. Non-registered accounts have additional taxes you will never pay in registered accounts, on interest, dividends and capital gains.

You will receive a T3 or T5 tax slip annually from your broker or fund provider. This will cover any dividends, interest or capital gains earned in the year by your investments. Just plug the data from the slip into your tax program. In addition to that whenever you sell stocks or mutual funds you will have to declare any capital gains and pay tax on them. If you have a capital loss you may use it to offset capital gains. You will need to track your adjusted cost base with each buy or sell to enable proper reporting of capital gains and losses.

Here are some good links:
https://www.getsmarteraboutmoney.ca/pla ... s-and-tax/
https://www.rbcgam.com/en/ca/learn-plan ... nts/detail
http://www.milliondollarjourney.com/how ... part-1.htm
http://www.milliondollarjourney.com/how ... terest.htm
http://www.milliondollarjourney.com/cal ... se-acb.htm
https://www.canada.ca/en/revenue-agency ... ncome.html
https://www.huffingtonpost.ca/tea-nicol ... 92974.html

In addition to that, mutual funds, ETFs and some REITS distribute Return of Capital have Reinvested Capital Gains Distributions that will impact your Adjusted Cost Base. I won't cover those here, but you could google the terms if you are interested.