What is a T5 Statement of Investment Income in Canada?
Statement of investment income slip can include interest, dividends, and certain foreign income. A T5 slip must be prepared by a bank or a financial institution, and issued to you (the taxpayer) and to the Canada Revenue Agency (CRA). You use it to report any investment income you have on your tax return.
You will not receive a T5 slip for interest earned less than $50.00, but it must be reported on your tax return.