Return of Investment Income (T5)

What's new

Filer of Information Returns

Budget 2021 announced that the threshold for mandatory electronic filing of income tax information returns for a calendar year would be lowered from 50 to 5 returns, in respect of a particular type of information return. For the latest information, go to Penalty for failure to file information returns over the Internet and subscribe to our Electronic Filing of Information Returns email distribution list at Canada Revenue Agency electronic mailing lists.

Budget 2021 proposed to amend the Income Tax Regulations to allow issuers of T5 (Statement of Investment Income) information returns to provide them electronically without having to also issue a paper copy and without the taxpayer having to authorize the issuer to do so.

Internet file transfer availability

Internet filing is available from January 10 2022.

In these pages, the term "filer" refers to the person (that is, an individual or organization) that, under the Income Tax Act, must prepare and file a T5 information return. A filer is different from a service bureau or anyone else who may be filing the return for a filer.

Filers must use their account number instead of their business number or filer identification number.

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