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smoobri1
New Member

I invested in GICs in 2022. Do I report the interest that has been earned as of December 31, even if I have not received it yet?

 
1 Reply

I invested in GICs in 2022. Do I report the interest that has been earned as of December 31, even if I have not received it yet?

If the GICs are not registered accounts (TFSA, RRSP, etc), then yes you must report the interest income, even if you didn't get a T5 slip.