Interest on a regular interest ("R") bond is paid annually until the bond matures or you cash it in. Interest on a compound interest ("C") bond is not paid until you cash it in.
There is no requirement for a T5 slip to be issued if the total amount for the year is less than $50. Report the interest paid or credited to you in the tax year on line 121 of your return.
Enter on line 121, the total interest and investment income.