Forms & Schedules

T5 Tax Form: Statement of Investment Income in Canada

Why did I receive a T5 tax form?

You received a statement of investment income because you earned more than $50 in investment income during the year.

What is investment income?

Investment income includes interest, dividends and certain foreign income too. The amounts may be shown on the T5 tax slip in Canadian dollars or in a foreign currency. You will have to convert those amounts to Canadian dollars on your tax return.

What if the T5 statement of investment income is in my name and my spouse’s name?

If you both contributed equal amounts to the investment and you share money, you can each claim 50% of the amount shown on the t5.

What do I do with the T5 Summary of Investment Income and Expense?

It is provided to you for information purposes only to give details about the income indicated on the T5 tax slip. You do not have to file it with your return.

What about Québec residents?

They receive a Relevé 3 as well as a T5 tax slip.  Click here to view the T5 form and here for the Relevé 3.