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New Member

Bank does not give T5 for low interest, so how do you report it?

 
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New Member

Bank does not give T5 for low interest, so how do you report it?

If you received a small about of interest from you bank, generally under $50, you may not have received a T5 slip. You must still report this income, even if you weren’t issued a slip.

In TurboTax, click on Income > Investments > Interest on Bank Accounts Not Reported on a T-Slip

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2 Replies
Highlighted
New Member

Bank does not give T5 for low interest, so how do you report it?

If you didn't receive a T5 it is not enough to worry about.
Highlighted
New Member

Bank does not give T5 for low interest, so how do you report it?

If you received a small about of interest from you bank, generally under $50, you may not have received a T5 slip. You must still report this income, even if you weren’t issued a slip.

In TurboTax, click on Income > Investments > Interest on Bank Accounts Not Reported on a T-Slip

View solution in original post