What happens if my PIR is wrong?
It’s your responsibility to tell us your PIR when you invest or if your PIR changes. If you don’t tell us, a default rate may be applied. If the rate applied to your PIE income is lower than your correct PIR, you will be required to pay any tax shortfall as part of the income tax year-end process. If the rate applied to your PIE income is higher than your PIR, any additional tax that has been withheld will be used to reduce any income tax liability you may have for the tax year and any remaining amount will be refunded to you.