How do you report the income from information slips?

The back of the information slip explains where to report the income shown in each box and it refers you to the appropriate section of the Federal Income Tax and Benefit Guide when necessary. The reporting requirements for the most common types of income are included on the chart below.

If you choose to reinvest any distributions by buying more units or shares, you may not actually receive the income shown on your information slips. However, you must still report on your income tax and benefit return the amounts shown on your slips. This is because the CRA considers you to have received these amounts before reinvesting them.

Reporting instructions for T3 slips and T5 slips

Table provides instructions for reporting income from information slips
Type of income Slip Box Instructions
Capital gains T3 slip Box 21 Subtract any amount in box 30 from the amount in box 21. Include the difference on line 176 of Schedule 3. All or part of this amount may be foreign non-business income, which will be footnoted. Include this type of footnoted amount on line 433 of Form T2209, Federal Foreign Tax Credits.
Capital gains dividends T5 slip Box 18 Include this amount on line 174 of Schedule 3.
Dividends - Taxable amount of dividends T3 slip Box 32
Box 50
Include these amounts in part I in the section called “Statement of investment income, carrying charges, and interest expenses” of the Worksheet for the return, and includes the $200 from box 25 of the T5 slip on the lines for “Taxable amount of eligible dividends.”
Dividends - Taxable amount of dividends T5 slip Box 11
Box 25
Include these amounts in part I in the section called “Statement of investment income, carrying charges, and interest expenses” of the Worksheet for the return, and includes the $200 from box 25 of the T5 slip on the lines for “Taxable amount of eligible dividends.”
Dividends - Federal dividend tax credit T3 slip Box 39
Box 51
Include these amounts on line 425 of Schedule 1. Footnote 1 See note below.
Dividends - Federal dividend tax credit T5 slip Box 12
Box 26
Include these amounts on line 425 of Schedule 1. Footnote 1 See note below.
Dividends - Actual amount of dividends T3 slip Box 23
Box 49
Do not report these amounts.
Dividends - Actual amount of dividends T5 slip Box 10
Box 24
Do not report these amounts.
Interest income Interest from Canadian sources T5 slip Box 13 Include these amounts in part II in the section called “Statement of investment income, carrying charges, and interest expenses” of the Worksheet for the return, and includes the $200 from box 25 of the T5 slip on the lines for “Taxable amount of eligible dividends.”
Interest income Other income from Canadian sources T5 slip Box 14 Include these amounts in part II in the section called “Statement of investment income, carrying charges, and interest expenses” of the Worksheet for the return, and includes the $200 from box 25 of the T5 slip on the lines for “Taxable amount of eligible dividends.”
Foreign income Foreign non-business income T3 slip Box 25 Include these amounts in part II in the section called “Statement of investment income, carrying charges, and interest expenses” of the Worksheet for the return, and includes the $200 from box 25 of the T5 slip on the lines for “Taxable amount of eligible dividends” and on line 433 of Form T2209, Federal Foreign Tax Credits.
Foreign income T5 slip Box 15 Include these amounts in part II in the section called “Statement of investment income, carrying charges, and interest expenses” of the Worksheet for the return, and includes the $200 from box 25 of the T5 slip on the lines for “Taxable amount of eligible dividends” and on line 433 of Form T2209, Federal Foreign Tax Credits.
Foreign income Foreign non-business income tax paid T3 slip Box 34 Include these amounts on line 431 of Form T2209, Federal Foreign Tax CreditsFootnote 1 See note below.
Foreign income Foreign tax paid T5 slip Box 16 Include these amounts on line 431 of Form T2209, Federal Foreign Tax Credits. Footnote 1See note below.
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