T5 - Statement of Investment Income

Entering this Amount

Entering T5 slip information

Tip: If you are preparing a coupled return, enter your T-slips first, then click your spouse's name at the top of the window to switch to his or her T-slip list. That way, you can enter both sets of T-slips quickly.
  1. Click T-Slips at the bottom of the form to open the T-Slip and Receipts Entry window.
  2. In the Federal Slips list, click T5.
  3. In the first empty column, enter the amounts from your slip into the corresponding boxes.
    Note: Enter each slip into its own column. Do not add T-slip amounts together in one column.
  4. To enter another slip for the same taxpayer, click in the empty column to the right of the one you just entered.
  5. To enter a slip for your spouse, click his or her name at the top of the window.
  6. When you have finished, click Save & Close.
  7. In the Entering Your Federal T-Slips list, select all the checkboxes that apply.

    Click Take Me There to go there now.

  8. Select all the checkboxes that apply, then click Continue. If you're preparing an individual return, the first T-slip entry screen opens. If you're preparing a coupled return and indicated that both spouses had this type of slip, click to select which taxpayer's slip to enter first.
  9. Enter the amounts from your first slip into the corresponding fields. Some boxes on your paper slip are included for identification purposes and are not required to calculate your taxes.
  10. To enter another T5 slip, click Enter New T5 for [NAME]. When you have finished, click Done with T5s.

Frequently Asked Questions

What is reported on T5 slips?

T5 - Statement of investment income - definition

T5 slips show income from investments such as stocks, bonds, mutual funds, annuities, and bank accounts. This income includes taxable dividends, royalties, interest, accrued income, and capital gains dividends.

What if I have joint investments with my spouse?

What if have joint investments with my spouse?

If the investment reported on your T5 is a joint investment with your spouse or common-law partner, enter your percentage of the investment in the first box. For each box that applies to you, enter the full amount from your T5 slip; only your portion is transfered to your return. If you are preparing a coupled return, your spouse's portion is transferred his or her return.

Note: Although this amount does not appear in your spouse's T5 entry window, do not re-enter it there. It has been included on his or her Schedule 4 - Statement of Investment income.
What is the Other boxes button for?

What is the Other boxes button for?

The Other boxes button opens a secondary window where you can enter the amounts from less-used boxes.

What if the T-slip amounts are not in Canadian dollars?

What if amounts are not in Canadian dollars?

If there are any amounts, for example on a T-slip or a stock sale, that are reported in a foreign currency (e.g. in U.S. dollars), you must convert them to Canadian dollars before you enter them.

Where do I get the exchange rate?

Where do I get the exchange rate?

If you received the amount on a certain day and you know the exchange rate for that day, use it. For example, if you received a capital gain, use the rate at the time the gain was realized.

However, if you received the amount over time, use the average exchange rate over the period (daily, monthly, or annually) in which the income was earned. To find the average exchange rate, contact the Bank of Canada at 1 613 782-7506 (toll charges apply) or visit the Bank of Canada Web site at http://www.bankofcanada.ca/en/exchange.htm.

Where do I enter royalties shown in box 17?

Where do I enter royalties shown in box 17?

If you received royalties, click the blue box at the bottom of the windowOther Boxes button to enter them.

The Canada Revenue Agency says...

Box Title Description
(%) Your percentage and your spouse's percentage Enter your percentage of the joint investment in the first box. "Your spouse's percentage" is automatically filled in.
Box 10 Actual amounts of dividends This shows the amount of dividends received. You do not need to enter this amount.
Box 11 Taxable amount of dividends This is the amount that you report as income.

This amount is transferred to Section I of Schedule 4 and included to line 120 of your T1 General.

Box 12 Federal dividend tax credit

You do not need to enter this amount. The software calculates it for you (using the amount in box 11) and transfers it to line 425 of Schedule 1.

Box 13 Interest from Canadian sources

This amount is transferred to Section II of Schedule 4 and to line 121 of your T1 General.

Box 14 Employment income This amount is transferred to line 101 of your T1 General.
Source country Source country

Select the country where the income was generated or earned.

Use Country #2 and Country #3 to represent source countries other than the U.S.A. As soon as it's convenient, enter the name of the country at the top of Form FTC - Foreign Tax Credits Worksheet.

Use Country #2 and Country #3 as temporary placeholders for countries other than the U.S.A. The Foreign Tax Credits screen will appear later in the income section of the interview; enter the name of the country there.

Box 15 Foreign income

This amount is transferred to Section II of Schedule 4 and to line 121 of your T1 General.

It is also shown on Form FTC. Enter the Source country in the box above Box 15.

Box 16 Foreign tax paid This amount is transferred to Form FTC and is used to calculate your foreign tax credit. This credit is included in Other deductions on line 232 of your T1 General.
Box 17 Royalties from Canadian sources Click this box to open the secondary data-entry window.Click Other boxes to go to the secondary data-entry screen.

If the royalties are from a work or invention, the amount is transferred to line 104 of your T1 General. Otherwise it is transferred to line 121.

Box 18 Capital gains dividends

This amount is transferred to line 174 of Schedule 3.

Box 19 Accrued income annuities The general annuity earnings are included on line 115 of your T1 General. You may qualify for a credit at line 314 if:
  • you were 65 or older at the end of the year, or
  • the amount was received due to the death of your spouse or common-law partner (see box 20, below).

If neither of the above applies, this amount is included on line 130 of your T1 General.

Y/N Received due to spouse's death? Enter Yes if the amount in box 19 was received due to the death of your spouse or common-law partner.
Box 21 Report code The code in this box indicates that the slip is the original ("0") or an amended ("1") slip .
Box 22 Recipient identification number If you are an individual (other than a trust), the number in this box is your SIN. In all other cases, the number is your Business Number.
Box 23 Recipient type The code in this box indicates if the amount was paid to an individual ("1"); a joint account ("2"); a corporation ("3"); an association, trust, club, or other ("4"); or a government ("5").
Source country Source country of foreign income

Select the country where the income was generated or earned.

Use Country #2 and Country #3 to represent source countries other than the U.S.A. As soon as it's convenient, enter the name of the country at the top of Form FTC - Foreign Tax Credits Worksheet.

Use Country #2 and Country #3 as temporary placeholders for countries other than the U.S.A. The Foreign Tax Credits screen will appear later in the income section of the interview; enter the name of the country there.

Related information
Reporting foreign income
Form T936 - Calculation of Cumulative Net Investment Loss