If yearly interest on a non-registered GIC investment that matures in a future tax year must be reported yearly, then a T5 must be issued yearly? I am requesting a response to this question as an issue has arisen.
Accrued interest may have to be reported on an annual basis if the interest earned is considered to be from an "investment contract" (even if the interest is not actually receivable until a future year).
See the definition of an "investment contract" here:
lpaulose1454
New Member
dlang
New Member
vane724871
New Member
wangd99
Level 2
Kitteringham
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.