• T5 and RL-3 Data Entry

In order to complete the T5 information return, you must enter each recipient's information using separate T5 and RL-3 data entry forms.

Additional forms can be opened by choosing the "Add forms" icon or by going to Forms, Add form on the menu tool bar. Multiple data entry forms can be opened simultaneously by entering the requested number in "Number of copies for each selected form" in the "Add Forms" dialogue box.

A federal T5 slip will be automatically generated for every recipient, however a RL-3 slip will only be displayed if the province of residence is Quebec. Data entered for the federal T5 slip will be used to calculate the Quebec RL-3 amounts. This amount can be overridden by using F3 or by right clicking on the line and entering the required amount. All overridden lines will be traceable through the diagnostic box.

Recipient's name and address

If the recipient is an individual enter the last name, first name and social insurance number. If more than one recipient is entitled to the investment income (for example, interest credited to a joint account), you only need to complete one T5 slip. If there are two recipients, enter both names. If the recipient is other than an individual, enter the name and business number applicable.

Box 28 - Transit

If you are reporting for a financial institution or any similar business, enter the recipient's transit code or branch identification code (up to eight characters) in this area.

Box 29 - Recipient account

If you can identify the recipient by an account number or policy number, enter the appropriate characters (up to 12) in this area.

Useful links:

T5 slip - topics for completing the T5 slip
T4015 - T5 Guide - Return of Investment Income