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Use this slip to report the various types of investment income that residents of Canada have to report on their income tax and benefit returns. Do not report investment income paid to non-residents of Canada on a T5 slip.
T5 information slip for filers to report certain investment income paid to a resident of Canada or to a nominee or agent for a person resident in Canada.
If you file a paper T5 information return and leave box 27 blank, we will process the amounts on the T5 slips as Canadian dollars. When completing your T5 Summary, you only have to enter one total income amount, whether or not the T5 slips are made up of different currency types.
Dec 3, 2023 · Also known as the Statement of Investment Income, a T5 slip is one of the various taxpayer slips Canadian residents might receive to report their investment income in non-registered accounts.
Oct 15, 2020 · Key Takeaways. A T5 tax slip, or Statement of Investment Income, is used to report any interest and investment income you make from nonregistered investment accounts. You automatically receive a T5 tax slip from your financial institution when you receive income of $50 or more from eligible Canadian investment sources.
The T5 slip has three individual slips printed on each T5 sheet. A fillable version is also available at Forms and publications. For information on how to complete the T5 slip, see Completing the T5 slip. For a sample of the T5 slip, see T5 slips.
Nov 29, 2023 · T5 slips are used to report the various types of investment income that residents of Canada have to report on their income tax and benefit returns. You can still choose to receive slips by paper.
