Discuss
Discover
  • Community basics
    • Support
  • TurboTax™
    • TurboTax.ca
    Open TurboTax

    Why sign in to the Community?

    • Submit a question
    • Check your notifications
    or and start working on your taxes
    Close icon
    Do you have a TurboTax Online account?

    We'll help you get started or pick up where you left off.

    Yes No
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 
    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?

     
    posted
    ‎April 12, 2023 12:26 PM
    last updated ‎April 12, 2023 12:26 PM
    0
    1
    191
    Reply
    1 Reply
    TurboTaxSusan
    Moderator
    Moderator

    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.

    ‎April 14, 2023 4:40 PM
    0
    184
    Reply

    Related Content

    parlascio20bresc
    jaso409385
    yeuchetnews
    kinsuntse
    Kitteringham