What is a T5?

  • by admin
  • January 1, 2024

A T5 stands for Statement of Investment Income. Usually this document is issued by a bank or a corporation to report interest income or dividends paid in a calendar year. This documents contains the information, including issuer’s and recipients name and address and recipients social insurance number or business number. A T5 contains boxes where the issuer has to fill up the information as indicated below.

  • Year
  • Box 10 – Actual amount of dividends other than eligible dividends
  • Box 11 – Taxable amount of dividends other than eligible dividends
  • Box 12 – Dividend tax credit for dividends other than eligible dividends
  • Box 13 – Interest from Canadian sources
  • Box 14 – Other income from Canadian sources
  • Box 15 – Foreign income
  • Box 16 – Foreign tax paid
  • Box 17 – Royalties from Canadian sources
  • Box 18 – Capital gains dividends
  • Box 19 – Accrued income: Annuities
  • Box 21 – Report code
  • Box 22 – Recipient identification number
  • Box 23 – Recipient type
  • Box 24 – Actual amount of eligible dividends
  • Box 25 – Taxable amount of eligible dividends
  • Box 26 – Dividend tax credit for eligible dividends
  • Box 27 – Foreign currency
  • Box 28 – Transit
  • Box 29 – Recipient account
  • Box 30 – Equity linked notes interest
  • Other information
 

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