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Mail from RBC T5 statement meaning please

Clorets90

Hero Member
Apr 17, 2017
218
4
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.
 

PMM

VIP Member
Jun 30, 2005
24,001
1,430
Hi

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.
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.
 

Clorets90

Hero Member
Apr 17, 2017
218
4
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.
Thank you very much so the amount earned must show on my RBC account ? Where I can see it?
Thanks
 

mad_hatter

Hero Member
Jul 16, 2016
369
60
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.
 
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