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Mail from RBC T5 statement meaning please

Discussion in 'Settlement Issues' started by Clorets90, Feb 11, 2019.

  1. Hello
    Today I got mail envelope from RBC bank shows T5 and " Your income tax information slips reporting deposit intrest" also there is a line says Canada Revenue Agency

    I have ZERO knowledge about this mail.

    What is is this and what I must do ?

    Thank you very much.
     
  2. Hi

    1. It is a record of what interest you earned on investments at RBC. You will be getting T4s from your employer, as well as other T slips. You need them when you complete your Income tax for 2017.
     
  3. Thank you very much so the amount earned must show on my RBC account ? Where I can see it?
    Thanks
     
  4. Also please what i must do with T5 statement? I'm new to Canada
    Thank you.
     
  5. The interest you earned should be in Box 13 of the T5 slip. You first tax return can be complicated, I would suggest that you hire an accountant to do it for you.
     
    Clorets90 likes this.

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