Line 121 - Interest and other investment income

Interest and other investment income make up part of your total income and are reported on your return.

The amounts you include for the year depend on the type of investment and when you made it. Include amounts you received, minus any part that you reported in previous years. Also include amounts that were credited to you but that you did not receive, such as amounts that were reinvested.

Interest, foreign interest and dividend income, foreign income, foreign non-business income, and certain other income are all amounts you report on your return. They are usually shown on the following slips:

• T5, Statement of Investment Income
• T3, Statment of Trust Income Allocations and Designations
• T5013, Statement of Partnership Income
• T5013A, Statement of Partnership Income for Tax Shelters and Renounced Resource Expenses 

You may not receive a slip if the amount is less than $50, but you must still report this income.

You also have to include the interest on any tax refund you received in 2009, which is shown on your notice of assessment or notice of reassessment.

Special rules apply to interest income if it is from property (including money) that one family member loaned or transferred to another family member. See Loans and transfers of property and IT510 and IT511.

You have to report any interest on money you invested in your child's name unless you deposited Canada Child Tax Benefit or Universal Child Care Benefit payments into his or her bank account or trust. That interest is your child's income.

If a child who was born in 1992 or later is reporting certain investment income, see Split income of a child under 18.

If you share an investment, report your part of the interest based on how much money you put into it.

Questions and answers

Click here for examples.

Completing your tax return

Enter the total interest and investment income on line 121.

Forms and publications

• General Income Tax and Benefit Package - Guide, return and schedules
• Schedule 4, Statement of Investment Income
• IT510, Transfers and loans of property made after May 22, 1985 to a related minor
• IT511, Interspousal and certain other transfers and loans of property

Related topics

• Line 221 - Carrying charges and interest expenses
• Line 405 - Federal foreign tax credit