What's new for return of investment income (T5)

Internet file transfer availability

Internet filing is available from January 8, 2018.

Sales of linked notes

A linked note is a debt obligation, most often issued by a financial institution, the return on which is linked in some manner to the performance of one or more underlying assets or indexes over the term of the obligation. For assignments or other transfers of debt obligations (as described in paragraph 7000(1)(d) of the Income Tax Regulations) that occur after 2016, a new deeming rule will treat any gain, realized at the time of the assignment or transfer as interest that accrued on the debt obligation for a period commencing before the time of the transfer and ending at the time of the transfer. 

Completing the T5 slip

Enter the total interest that you must report from the assignment or transfer of linked notes in box 30 – Equity linked notes interest, in the “Other information” area of the T5 slip. For more information, see Box 30 – Equity linked notes interest. For more information on the reporting of deemed interest from the transfer of linked notes, see Guide T4091, T5008 Guide – Return of Securities Transactions.

 

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