The tax information Canopy collects is typically provided on a form W-9 – request for taxpayer identification number and certification or one of the forms from the W-8 series.

The IRS requires forms W-8 and W-9 to determine tax withholding. These forms impact how Canopy is required to withhold on distributions and income allocations for your investments. We also use these forms to populate investor information on Schedule K-1s we prepare and distribute to the Canopy Syndicate Leads.

There are multiple ways to upload a new tax documents to Canopy:

As you work through your investor onboarding, we recommend uploading your appropriate tax form to confirm your profile creation is complete. If you are missing a tax document, you will see a red warning sign. Clicking on the "Tax ID Document" button will automatically take you to the the documents page of your dashboard. 

If you have not yet uploaded any documents, you will see a notification under the "Action Items" section of your homepage. This page is also available to access via the "Documents" tab at any time.

In the Documents tab, you will have the option to automatically generate your documents using our Beta solution. However, this currently only populates W-9 forms. If another form is needed or you already have a copy of your W-9, you have the option for a manual upload. 

After the appropriate tax form is uploaded, you will see it populate instantly within the Documents tab!