My daughter is 17months, and she made $60.61 in interest income on a T5. The T5 was issued with her SIN number. Do I have to file a tax return for her?
My daughter is 17months, and she made $60.61 in interest income on a T5. The T5 was issued with her SIN number. Do I have to file a tax return for her?
I have a similar question. My children (age 5 and 3) each have T5s with their SIN but it is their name and my name in the recipient's name box as it is joint account. Should I include these amounts in my investment income?
Normally, it would be split 50/50. You could conceivably report your half of each T5 income. As stated previously, the children would not have to file if the income earned is less than the personal deduction.
