T5 — Statement of Investment Income
What is this slip?
Reports investment income from non-registered accounts: bank interest, Canadian dividends, and foreign income.
Every box explained
| Box | Label | Where it goes on your T1 |
|---|---|---|
| 10 | Actual amount of eligible dividends The actual cash you received in eligible dividends from Canadian corporations. Note: Eligible dividends are from large public companies or those paying full corporate tax. Goes to: Line 12000 of your T1 (but you also include the grossed-up amount) | Line 12000 of your T1 (but you also include the grossed-up amount) |
| 11 | Taxable amount of eligible dividends Box 10 grossed up by 38%. This is the amount you include in income. Goes to: Line 12000 of your T1 | Line 12000 of your T1 |
| 12 | Dividend tax credit for eligible dividends The federal DTC to claim against your federal tax (15.02% of Box 11). Goes to: Line 40425 of Schedule 1 | Line 40425 of Schedule 1 |
| 13 | Interest from Canadian sources Interest earned from Canadian bank accounts, GICs, bonds, and savings. Goes to: Line 12100 of your T1 | Line 12100 of your T1 |
| 14 | Other income from Canadian sources Trust income and other Canadian-source investment income not elsewhere specified. Goes to: Line 12100 of your T1 | Line 12100 of your T1 |
| 15 | Foreign income Foreign dividends, interest, and other income from non-Canadian sources, in Canadian dollars. Goes to: Line 12100 of your T1 | Line 12100 of your T1 |
| 16 | Foreign tax paid Withholding tax paid to foreign governments on the amounts in Box 15. Goes to: Claimed as a Foreign Tax Credit on Form T2209 | Claimed as a Foreign Tax Credit on Form T2209 |
| 18 | Actual amount of non-eligible dividends Cash dividends from Canadian private corporations (CCPCs) or other non-eligible payers. Goes to: Line 12000 of your T1 | Line 12000 of your T1 |
| 19 | Taxable amount of non-eligible dividends Box 18 grossed up by 15%. Goes to: Line 12000 of your T1 | Line 12000 of your T1 |
| 21 | Report code Identifies the type of T5 payer: 0 = financial institution, 1 = mutual fund corp, etc. Goes to: For information only | For information only |
| 25 | Dividend tax credit for non-eligible dividends Federal DTC on non-eligible dividends (9.0301% of Box 19). Goes to: Line 40425 of Schedule 1 | Line 40425 of Schedule 1 |
Quick tips
- You can view slips filed by your employer or payer in CRA My Account — usually within a few days of the February 28 deadline.
- If you received this slip but haven't filed your return, the income is still taxable. File using your own records if the slip is late.
- Keep your slips for at least 6 years — CRA can reassess that far back.
- A T5 is only issued when total investment income from a single payer exceeds $50. Small amounts may not generate a slip but are still taxable.
Calculate your tax with these numbers
Put your slip amounts into our income tax calculator to see your full federal + provincial breakdown.
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