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.

cancel
Showing results for 
Search instead for 
Did you mean: 

I opened a joint investment account (GIC) with my sister in Canada. On the tax form T5, both of our names are written. Could someone help me how to file tax?

 
1 Reply

I opened a joint investment account (GIC) with my sister in Canada. On the tax form T5, both of our names are written. Could someone help me how to file tax?

If the person that you are splitting your T5 with is not your spouse, then you'll enter only the portion of the T5 split amounts that are yours. In your case, if your T5 is for $1000 in interest, and you are splitting 50/50 with your sister, you'd enter $500 on your return, and she would put $500 on hers.