Reporting on your investments is very important
to us. ScotiaMcLeod offers all our clients monthly account
statements, whenever there are account transactions during
the month, or at a minimum there are quarterly statements
if there is no monthly activity.
We are very proud to be the only full service brokerage firm
offering an RRSP statement which shows the total value of contributions
to the plan, and the plan's growth since it was opened (or
1991, whichever is later).
CAUTION! Please note that average cost does not reflect
the original purchase price of a security where dividends
have been re-invested. This is especially true for Mutual
Funds.
Adjusted Book Value vs. Market Value
The adjusted book value is the total of your original investment plus reinvested distributions.
It is important to point out that on your ScotiaMcLeod statement you may not be showing
much of a difference between your adjusted book value and your market value. The actual
gain may be camouflaged by the fact that reinvested distributions increase the adjusted
book value.
For example, on August 14, 1995, a client invested a lump sum of $11,698.60 into the
Trimark Select Balanced Fund. On the client's July 2001 statement it shows an adjusted cost
base of $17,590.00 and a market value of $19,140.00. The statement makes it look like there
was only an unrealized gain of $1,550.00 or a gross return of 8.81%. This is because the
adjusted book value includes all reinvested distributions and has distorted the actual
unrealized gain. The actual realized gain is the difference between the current market value
and the original investment. Therefore, since the original cost of the mutual fund was
$11,698.60 - the investment has actually appreciated $7,441.40 over the six year period!
While the ScotiaMcLeod statement does not show the original cost figure due to tax
reporting requirements, it is important to recognize that this single lump sum investment has
appreciated significantly over the six year period. In fact, the mutual fund in this example
has experienced a gross gain of 63.61%! The investment has actually proven to be a much
better performer than the client's statement would portray. If you have questions regarding
your mutual funds please contact your investment team at Sean Fahy's office to discuss the
performance of these funds further.
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Statement Brochure
Download the
new statement brochure (pdf 250k)
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RRSP Account
The first
page of your RRSP statement
shows the value change from the last statement
(or account summary), contribution summary, and
plan growth calculation.
Download the
new statement brochure (pdf 136k) |
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Cash Account
The first page of your non-registered
account shows the value change from the last statement
(or account summary), cash balances, and dividend
and interest income summary.
Download (pdf
136k) |
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Account Activity for all Accounts
The second page (.pdf 116k) shows your foreign
content (RRSP accounts only), asset class summary,
and recent transactions (buys, sells, interest,
dividends, cash in/out) in your account. The third
page contains inforamtion on your account holdings,
quantity held, the average cost base and current
market price. Any open orders or orders due to
settle after month end are also shown.
Download (pdf
116k) |
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Trade Confirmation
The trade confirmation is sent whenever there
is a trade in your account that is not part of
a monthly pre-authorized plan.
Download (pdf
116k) |
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Trading Summary
We are pleased to provide you
with a trading summary to help you in preparing
your tax return. The ScotiaMcLeod Annual Trading
Summary is provided to assist you in calculating
reportable income associated with activity in your
regular (non-Registered) account.
While the Annual Trading Summary does not include
any calculations or tabulations, it does list all
the trade-related activity* that took place during
the year, to assist you in calculating any gains
or losses on disposition of a security or securities
in your account. For some clients, this will also
replace the Discount Instrument Activity Statement
sent out in previous years, which detailed income
received on discount instruments such as T-Bills.
Please note that the Annual Trading Summary is
not a tax document; it is provided for information
purposes only, and does not need to be filed with
your tax return.
We hope you find the Annual Trading Summary helpful.
If you have any further questions about this or
any of the tax documents you have received from
ScotiaMcLeod, please contact your Investment Executive
who would be pleased to assist you.
*Trade related activity refers to the following
transactions which are included on the Annual Trading
Summary:
- Sells, Buys
- Stock Dividends and Splits
- Reverse Splits
- Purchases, including Pre-Authorized
Trading, Pre-Authorized Chequing, Equity and
Mutual Fund dividend reinvestment
- Redemptions,
Maturities, Systematic Withdrawal Programs
- Contributions
in kind to an Registered Retirement Savings Plan
- RRSP
Swaps (Paid, Withdraw, Refund)
- Name Changes, Mergers
- Expiries, Exercises, Rights,
Warrants, Options, Mortgage Backed Securities
entries
- Deliver against Payment (DAP) Sales
- Option Assignments
Download (pdf
116k) |
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