Line 121 - Earnings on a life insurance policy

Report the earnings that have accumulated on certain life insurance policies in the same way as you do for other investments. Your insurance company will send you a T5 slip.

For policies bought before 1990, you can choose to report accumulated earnings annually by telling your insurer in writing.

Completing your tax return

Report on line 121 your interest from life insurance policies shown on your T5 slips.

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