In the T5 section what does it mean % for spouse?

[TurboTaxKim · Accepted solution]

If you and your spouse hold a joint investment together, you need to specify the percentage here.

According to CRA Attribution rules, what you need to do is determine who contributed to the investment and what percentage. You report the interest earned in the same proportion as the funds that were contributed into the account that earned the income.

You cannot change the amounts strictly for tax advantages. Generally spouse's claim 50/50.