Line 12100 - Interest and other investment income
Complete the chart for line 12100 using your Federal Worksheet and enter the result on line 12100 of your return.
Generally, you report your share of interest from a joint investment based on how much you contributed to it.
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Notes Special rules apply for income from property (including money) that one family member lends or transfers to another. For more information, see "Other amounts you have to report on your return" on page 16. Generally, when you invest your money in your child's name, you have to report the income from those investments on your return. However, if you deposited Canada child benefit payments into a bank account or trust in your child's name, the interest earned on those payments must be included in your child's income. |
Foreign income
If you received foreign interest or dividend income, report it in Canadian dollars. See "Reporting foreign income and other foreign amounts" on page 10.
If, as a shareholder in a foreign corporation, you received certain shares in another foreign corporation, you may not have to report any amount as income for receiving those shares.
Bank accounts
Report interest paid or credited to you in 2023 even if you did not receive an information slip. You may not receive a T5 slip for amounts under $50.
Term deposits, guaranteed investment certificates and other similar investments
The income you report is based on the interest you earned during each complete investment year. For example, if you made a long-term investment on July 1, 2022, report the interest that accumulated up until the end of June 2023 on your 2023 return even if you do not receive a T5 slip. Report the interest from July 2023 to June 2024 on your 2024 return.
Treasury bills
If you disposed of a treasury bill when it matured in 2023, you have to report the difference between the price you paid and the proceeds of disposition shown on your T5008 slips or account statement as interest.
If you disposed of a treasury bill before it matured in 2023, you may also have to report a capital gain (or loss). For more information, see Guide T4037, Capital Gains.
Earnings on life insurance policies
Report the earnings that have accumulated on certain life insurance policies, the same way you do for other investments, from the T5 slip that your insurance company sends you. For policies bought before 1990, you can choose to report accumulated earnings every year by telling your insurer in writing.
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See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required): Line 12100 - Interest and other investment income |
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