T5

A T5 is a statement of investment income Canadians would receive to report income earned through various investments. This income comes from stocks, dividend payments, savings accounts that generate a return and others. All taxpayers should receive their T5 slips before the end of February and submit it as part of their tax returns at the end of April. If you are applying for a mortgage and receive income through one of the areas mentioned, your mortgage broker will utilize your T5 income on your mortgage application.