Example – T5 slip for 2020 dividends

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The T5 slip for the 2020 dividends is sent to the address of the recipient Albert Chang, from the address of the payer Agents Inc. The income tax deducted is $333.33. The Actual amount of eligible dividends (Box 24) is $1,000.00. The Taxable amount of eligible dividends (Box 25) is $1,380.00. The Dividend tax credit for eligible dividends (Box 26) is $207.27. The Report code (Box 21) is 0. The Recipient identification number (Box 22) is Albert Chang’s social insurance number. The Recipient type (Box 23) is 1.

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