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New Member
posted Apr 29, 2024 9:39:41 PM

Do I have to split the received gic interest?

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1 Replies
Level 1
Apr 30, 2024 7:37:02 AM

Hi parlascio20bresc,

 

Thank you for your question. Do you mean split in case of a joint account or split for the year the interest was accrued? Based on CRA guideline:

The income you report is based on the interest you earned during each complete investment year.

You can read more about the guideline in this section for Interest and other Investment Income. Please don't hesitate to reach back if this doesn't answer your question.