Canada Revenue Agency
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How do you report the income from information slips?
The back of the information slip explains where to report the income shown in each box and it refers you to the appropriate section of the General Income Tax and Benefit Guide when necessary. We have included the reporting requirements for the most common types of income on the chart below.
If you choose to reinvest any distributions by buying more units or shares, you may not actually receive the income shown on your information slips. However, you must still report on your income tax and benefit return the amounts shown on your slips. This is because we consider you to have received these amounts before reinvesting them.
Reporting instructions for T3 slips and T5 slips
| Capital gains | |||
| Capital gains | T3 slip | Box 21 | Subtract any amount in box 30 from the amount in box 21. Include the difference on line 176 of Schedule 3. All or part of this amount may be foreign non-business income, which will be footnoted. Include this type of footnoted amount on line 433 of Form T2209, Federal Foreign Tax Credits. |
| Capital gains dividends | T5 slip | Box 18 | Include this amount on line 174 of Schedule 3. |
| Dividends | |||
| Taxable amount of dividends |
T3 slip | Box 32 Box 50 |
Include these amounts in part I of Schedule 4 or on line 120 of your income tax and benefit return if you do not have a Schedule 4. See note 1 below. |
| T5 slip | Box 11 Box 25 |
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| Federal dividend tax credit | T3 slip | Box 39 Box 51 |
Include these amounts on line 425 of Schedule 1. See note 2 below. |
| T5 slip | Box 12 Box 26 |
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| Actual amount of dividends | T3 slip | Box 23 Box 49 |
Do not report these amounts. |
| T5 slip | Box 10 Box 24 |
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| Interest income | |||
| Interest from Canadian sources | T5 slip | Box 13 | Include these amounts in part II of Schedule 4 or on line 121 of your income tax and benefit return if you do not have a Schedule 4. See note 1 below. |
| Other income from Canadian sources | T5 slip | Box 14 | |
| Foreign income | |||
| Foreign non-business income | T3 slip | Box 25 | Include these amounts in part II of Schedule 4 and on line 433 of Form T2209, Federal Foreign Tax Credits. |
| Foreign income | T5 slip | Box 15 | |
| Foreign non-business income tax paid | T3 slip | Box 34 | Include these amounts on line 431 of Form T2209, Federal Foreign Tax Credits. See note 2 below. |
| Foreign tax paid | T5 slip | Box 16 | |
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Notes 1. If you received a T1 Special or T1S-A income tax package in the mail, you will not have a Schedule 4 to complete. Enter your dividend or interest income as instructed above. 2. If you qualify for the federal dividend tax credit or federal foreign tax credit, you may also qualify for similar provincial or territorial credits. For more information, read the Forms Book included in your tax package. |
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