Frequently asked questions regarding common reports issued by Optimize
How do I access client account statements?
To access client account statements, please refer to the "How to download Account Statements on Compass" article.
Reading and interpreting account statements
In the statements, you may see different Entry Codes, these denote a type of transaction. Here are the most common entries you will find in the statements:
Most common transaction Types:
- Bought: A purchase of a security
- Sold: A sale of a security
- GST: Goods and Services Tax
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Educ.ass.pmt: Education Assistance Payments from an RESP (EAP or PSE)
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Fee: Management Fees
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Withdrawal: Any withdrawal from the account
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Cancellation: A cancelled transaction
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Stk Exchange: Some Optimize Private Opportunities (OPO) funds will exchange to a different series one day after the purchase has settled. This entry will reflect the exchange.
- Contribution: An EFT-In, Bill Payment or contribution from another investment account
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RDSP Bond: Disability savings bond
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Dis. Svng Grant: Disability savings grant
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Interest: Interest earned or paid
- Transfer: A Transfer from a relinquishing account
- Refund: A refund for fees or Interest paid
- Fed W/H tax: Federal Withholding Tax
Reading and Interpreting Transaction History
When Opening a client's transactions history, the entry codes differ from the ones found in the account statements. 
- E70: Portfolio Management Fees Charged
- HS4: HST charged on Portfolio Management Fees
- EXCH: Mutual fund series exchange
- GS4: GST charged on Portfolio Management Fees
- CONT: Contribution
- C51: Credit to client account
- PAYMT: Retirement plan account payment
- INT: Interest charged to client's account
- WHTFED: Federal withholding tax charged on withdrawal
- DRIP: Dividend reinvestment plan
- VALUE : Opening value adjustment for transferred in securities
- EFT: EFT Out
- CESG: Canada Education Savings Grant on RESP contributions or withdrawals
- DEREG: Deregistration of funds from a registered investment
- REBATE: ADJUST BOOK VALUE: CIG
- TFR-IN: Transfer in of cash or securities
- ETIN: EFT In
- MFADJ: CANSO CRP VAL-F/NL/N FRAC
- MFDIV: Dividends paid in cash for a mutual fund
Reading and interpreting tax slips
This is a list of the most common types of tax slips. Click the relevant link to understand what each box represents on each respective slip.
T4 slips
- T4 Statement of Remuneration Paid
- T4A Statement of Pension, Retirement, Annuity, and Other Income
- T4A(OAS) Statement of Old Age Security
- T4A(P) Statement of Canada Pension Plan Benefits
- T4E Statement of Employment Insurance and Other Benefits
- T4FHSA First Home Savings Account Statement
- T4RIF Statement of income from a Registered Retirement Income Fund
- T4RSP Statement of RRSP Income
T5 slips
- T5 Statement of Investment Income - slip information for individuals
- T5007 Statement of Benefits
- T5008 Statement of Securities Transactions - slip information for individuals
- T5013 Statement of Partnership Income
- T5018 Statement of Contract Payments
More tax slips
- T3 Statement of Trust Income Allocations and Designations – slip information for individuals
- T2202 Tuition Enrolment Certificate
- T1204 Government Services Contract Payments
- RC62 Universal Child Care Benefit statement
- RC210 Working Income Tax Benefit Advance Payments Statement
- RRSP contribution receipt – slip information for individuals
- PRPP contribution receipt – slip information for individuals
Reading and interpreting annual reports
- This report provides you with the annual performance of your account since inception. The inception date is the later of January 1st, 2016, or the first transaction date in your account should it have been opened after January 1st, 2016. This information will help you assess your progress toward meeting your investment goals. Speak to your Portfolio Manager if you have questions about this report.
- The annual report will give you this breakdown for all of a client's accounts with Optimize.
- The second page will give a breakdown of all Admin fees paid:
