The T5 Statement of Investment Income is a CRA tax information slip issued by payers to report investment income paid to Canadian residents. Eligible payers include banks, credit unions, trust companies, and corporations that paid interest, dividends, or other investment income during the tax year.
Key boxes on the T5 slip include box 13 for interest from Canadian sources, box 24 for actual amount of eligible dividends, box 25 for the taxable amount of eligible dividends, box 21 for actual amount of other than eligible dividends, and box 22 for the taxable amount of other than eligible dividends. Box 26 records the federal dividend tax credit for eligible dividends.
Payers complete a T5 Summary to record totals from all T5 slips issued during the tax year. The T5 Summary is filed along with all T5 slips as part of the T5 Return of Investment Income. Electronic filing is required for payers submitting 6 or more T5 slips. The deadline to file is the last day of February of the following calendar year.
| Question | Answer |
|---|---|
| Form Name | CRA T5 Summary Form |
| Form Length | 9 pages |
| Fillable? | Yes |
| Fillable fields | 20 |
| Avg. time to fill out | 6 min 15 sec |
| Other names | t5 summary fillable, t5 fillable, canada tax t5 summary fillable pdf, t5 fillable 2018 |