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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?

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New Member

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?

Since she isn't going to owe tax, she does not have to file a return yet.

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New Member

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?

Since she isn't going to owe tax, she does not have to file a return yet.

View solution in original post

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New Member

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?

That's what I assumed.... Thanks for the quick response.   Cheers.
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New Member

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?

Not a problem!
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New Member

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?
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New Member

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?

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.
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