Income distributions are taxable in the hands of the owner or of the recipient as an income and can benefit from dividend tax credits on Eligible Canadian Dividends. moreover, only a portion of the capital gains are added to the income. Applicable capital losses are also deducted from the capital gains.
B2B Bank Dealer Services makes investing in non-registered investment accounts easy. Cash or investments can be transferred in from accounts at other financial institutions, one-time contributions can be made using the bill payment function¹ available through most online banking services, or regular recurring investments can be made automatically by Pre-Authorized Debit (PAD) directly from the investor's bank account.