Attention members, some of our members may have noticed that they received a T5 for any interest or dividends they earned in 2018. In years past, we only issued a T5 if more than $50 in interest income was earned. Our new banking system generated T5s for all interest earned. This will only be the case for this year. In the future, we will go back to the old method of issuing a T5 if you earn over $50.
If you have questions about claiming interest and other investment income please refer to your Tax professional or the CRA website here.