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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?

     
    posted
    ‎April 12, 2023 12:26 PM
    last updated ‎April 12, 2023 12:26 PM
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    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
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