If you earned investment income but didn't receive a T-slip (like a T5 or T3), you still need to report it to the CRA. The CRA expects you to declare all investment income regardless of whether a financial institution issued documentation. You can report this income directly on your tax return using records from your investment statements, bank transfers, or brokerage confirmations. The key is keeping detailed records of what you earned and where it came from. T-slips are issued by Canadian financial institutions for most investment income, but there are common situations where you'll handle reporting yourself: - Self-directed investments that fall below reporting thresholds (some institutions don't issue T-slips for amounts under certain limits) - Foreign investment income from stocks, bonds, or mutual funds held outside Canada - Peer-to-peer lending or crowdfunding platforms that don't issue formal tax documents - Investment income earned through private arrangements (like loaning money to family with interest) - Cryptocurrency or digital asset sales from exchanges that don't issue T-slips - US-listed stocks or ETFs with dividend income reported only on US tax forms - Inheritance investment income before the estate is fully settled You'll need to report this income in the "Other
Yes. The CRA expects all investment income to be reported, whether or not you receive a T-slip. You can report it yourself using your investment statements, bank records, and brokerage confirmations as proof.
Report it in the 'Other Income' section of your T1 General form, typically on Line 10400. Your tax software will guide you to the correct field based on the type of income (interest, dividends, etc.).
Interest from savings accounts and GICs, dividends from stocks and mutual funds, capital gains from selling investments, and foreign investment income all need to be reported if earned in a non-registered account.
Yes. Convert foreign investment income to Canadian dollars using the exchange rate from the day you received it, then report it on your return. Keep records of the exchange rate used.
Keep all investment statements, confirmations, and receipts for at least six years from the end of the tax year in which you earned the income, in case the CRA asks for verification.