Do I have to upgrade turbo tax in order to claim my bank savings account interest?


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If the amount is under $50, you may not have received a T5 (it's up to the bank). If the amount is over $50, you should have received one - contact your bank.

TT Online Standard does require an upgrade to enter interest not reported on a T-slip. However, you can enter it as though it were on a T5. Canadian bank account interest would be reported in Box 13 (Interest from Canadian sources). It has been previously confirmed to me by a CRA agent that this will not cause any issues, but keep your bank records in case they ever ask to see them.

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