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hrman
New Member

I have a joint bank account with my son, opened a few years ago when he was under 10 years old. Must I include interest earned on this account in my income?

We have not withdrawn money from this account; it's for his future.
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I have a joint bank account with my son, opened a few years ago when he was under 10 years old. Must I include interest earned on this account in my income?

You can enter it as his income in the dependant section, or add the T5 to your income, or split it 50/50.

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I have a joint bank account with my son, opened a few years ago when he was under 10 years old. Must I include interest earned on this account in my income?

You can enter it as his income in the dependant section, or add the T5 to your income, or split it 50/50.