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 Federal income tax and benefit information 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
| 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 17600 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 43300 of Form T2209, Federal Foreign Tax Credits. |
| Capital gains dividends | T5 slip | Box 18 | Include this amount on line 17400 of Schedule 3. |
| Dividends – Taxable amount of dividends | T3 slip | Box 32 Box 50 |
Include these amounts in the section called "Lines 12000 and 12010 – Taxable amount of dividends from taxable Canadian corporations" of the Federal Worksheet. |
| Dividends – Taxable amount of dividends | T5 slip | Box 11 Box 25 |
Include these amounts in the section called "Lines 12000 and 12010 – Taxable amount of dividends from taxable Canadian corporations" of the Federal Worksheet. |
| Dividends – Federal dividend tax credit | T3 slip | Box 39 Box 51 |
Include these amounts on line 40425 of your return. See note Footnote 1 below. |
| Dividends – Federal dividend tax credit | T5 slip | Box 12 Box 26 |
Include these amounts on line 40425 of your return. See note Footnote 1 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 the section called "Line 12100 – Interest and other investment income" of the Federal Worksheet. |
| Interest income – Other income from Canadian sources | T5 slip | Box 14 | Include these amounts in the section called "Line 12100 – Interest and other investment income" of the Federal Worksheet. |
| Foreign income – Foreign non-business income | T3 slip | Box 25 | Include these amounts in the section called "Line 12100 – Interest and other investment income" of the Federal Worksheet and on line 43300 of Form T2209, Federal Foreign Tax Credits. |
| Foreign income | T5 slip | Box 15 | Include these amounts in the section called "Line 12100 – Interest and other investment income" of the Federal Worksheet and on line 43300 of Form T2209, Federal Foreign Tax Credits. |
| Foreign income – Foreign non-business income tax paid | T3 slip | Box 34 | Include these amounts on line 43100 of Form T2209, Federal Foreign Tax Credits. See note Footnote 1 below. |
| Foreign income – Foreign tax paid | T5 slip | Box 16 | Include these amounts on line 43100 of Form T2209, Federal Foreign Tax Credits. See note Footnote 1 below. |
| Other income | T3 slip | Box 26 | Include these amounts on line 13000 of your income tax and benefit return. |
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