2024V1 - updated 2023-10-05
What’s New: No changes
<Return>
<T5>
<T5Slip>
Note: When completing the T5 return, include either the Corporation Information or the Recipient Information, NOT both.
<RCPNT_NM>
<snm></snm>
Individual recipient surname
- Required, 20 alphanumeric
- first 20 letters of the recipient's surname
- omit titles such as Mr., Mrs., etc.
- do not include first name or initials
<gvn_nm></gvn_nm>
Individual recipient first name
- 12 alphanumeric
- first 12 letters of the recipient's first given name
Note: If only initials are available, provide the recipient's first initial.
<init></init>
Individual recipient initial
-1 alphanumeric
- initial of the recipient's second given name
</RCPNT_NM>
<SEC_RCPNT_NM>
<sec_snm></sec_snm>
Second individual recipient surname
- Required, 20 alphanumeric
- if a second recipient's name appears on the T5 slip, the first 20 letters of the second recipient's surname
- omit titles such as Mr., Mrs., etc.
- do not include first name or initials
<sec_gvn_nm></sec_gvn_nm>
Second individual recipient first name
- 12 alphanumeric
- if a second recipient's name appears on the T5 slip, the first 12 letters of the second recipient's first given name
Note: If only initials are available, provide the second recipient's first initial.
<sec_init></sec_init>
Second individual recipient initial
- 1 alphanumeric
- if a second recipient's name appears on the T5 slip, the initial of the second recipient's second given name
</SEC_RCPNT_NM>
Note: Only one of the following 3 fields are required depending on the recipient type (Recipient Type 1 or 2, SIN required; Recipient Type 3, BN required; Recipient Type 4, Trust required). The other 2 fields should be populated as indicated below.
<sin></sin>
Individual recipient social insurance number (SIN)
- Required, 9 numeric
- T5 slip, box 22
- recipient's SIN
- when the recipient has failed to provide a SIN, enter zeroes in the entire field
<rcpnt_tr_acct_nbr></rcpnt_tr_acct_nbr>
Recipient Trust Account Number
- Required, 1 alpha, 8 numeric
T5 slip, box 22
- must correspond to the "Trust account number" assigned by the CRA
- when the recipient has failed to provide a "Trust account number", enter T00000000 in the field.
<slp_rcpnt_bn></slp_rcpnt_bn>
Recipient Business Number (BN)
- Required, 15 alphanumeric, example: 000000000RT0000, or 000000000RZ0000, or 000000000RP0000, or 000000000RC0000
- T5 slip, box 22
- 9 or 15 digits of the recipient’s BN assigned by the CRA.
- When the recipient has failed to provide an Account number, enter 000000000, or 000000000RC0000, or 000000000RZ0000, or 000000000RT0000, or 000000000RP0000 in the field
<BUS_NM>
<l1_nm></l1_nm>
Corporation, organization, association, or institution recipient name - line 1
- Required, 30 alphanumeric
- first line of the recipient corporation, organization, association, or institution's name
- if "&" is used in the name area enter as "&"
<l2_nm></l2_nm>
Corporation, organization, association, or institution recipient name - line 2
- 30 alphanumeric
- second line of the recipient corporation, organization, association, or institution's name
</BUS_NM>
<RCPNT_ADDR>
<addr_l1_txt></addr_l1_txt>
Recipient address - line 1
- Required, 30 alphanumeric
- first line of the recipient's address
<addr_l2_txt></addr_l2_txt>
Recipient address - line 2
- 30 alphanumeric
- second line of the recipient's address
<cty_nm></cty_nm>
Recipient city
- 28 alphanumeric
- recipient's city
<prov_cd></prov_cd>
Recipient province or territory code
- 2 alpha
- Canadian province or territory in which the recipient is located or the state in the USA where the recipient is located
- use the abbreviations listed in the T619 - Electronic transmittal under section: Transmitter province or territory code
- when the recipient's country code is neither CAN nor USA, enter ZZ in this field
<cntry_cd></cntry_cd>
Recipient country code
- 3 alpha
- country in which the recipient is located
- use the alphabetic country codes as outlined in the International Standard (ISO) 3166 - Codes for the Representation of Names of Countries
- always CAN for Canada, and USA for the United States of America
<pstl_cd></pstl_cd>
Recipient postal code
- 10 alphanumeric
- recipient's Canadian postal code, format: alpha, numeric, alpha, numeric, alpha, numeric, example: A9A9A9
- or the recipient's USA zip code
- or when the recipient's country code is neither CAN nor USA, enter the foreign postal code
</RCPNT_ADDR>
<bn></bn>
Account Number
For Original returns:
- Required, 15 alphanumeric, 9 digits RZ 4 digits, example 000000000RZ0000
- must correspond to the Account number on the related T5 Summary record
- if you have not been notified of your number, or you are unsure of your number, contact our Business Enquiries line at 1-800-959-5525
For Amended returns:
- Required, enter the same Account number used in the original filed return
- for 2008 and prior tax year amendments, enter the filer identification number, example HA0000000
- for 2009 and subsequent tax year amendments, enter the BN RZ, example 000000000RZ0000
Note: In order to process a return, the complete Account number is required.
<rcpnt_fi_br_nbr></rcpnt_fi_br_nbr>
Recipient bank transit number
- Required, 8 alphanumeric
- T5 slip, box 28
- the transit number assigned to the recipient's bank branch
- when an institution does not have a bank transit number, enter zeroes in the field
<rcpnt_fi_acct_nbr></rcpnt_fi_acct_nbr>
Recipient account number
- Required, 12 alphanumeric
- T5 slip, box 29
- the account number to which the interest income applies
- when an institution does not issue recipient account numbers, enter zeroes in the field
<rpt_tcd></rpt_tcd>
Report code
- Required, 1 alpha
- T5 slip, box 21
- originals = O
- amendments = A
- cancel = C
Note: An amended return cannot contain an original slip.
<rcpnt_tcd></rcpnt_tcd>
Recipient type indicator
- Required, 1 numeric
- T5 slip, box 23
- 1 if the recipient is an individual
- 2 if the recipient is a joint account
- 3 if the recipient is a corporation
- 4 if the recipient is an association, a trust (fiduciary-trustee, nominee, or estate), a club, a partnership, or other
- 5 if the recipient is a government institution
<fgn_crcy_ind></fgn_crcy_ind>
Foreign currency indicator
- 3 alpha
- T5 slip, box 27
- if financial fields are reported in a foreign currency, identify by using the applicable currency code according to International Standard (ISO) 4217 – Codes for the Representation of Currencies and Funds
- always CAD if financial fields are reported in Canadian dollars
<T5_AMT>
For all of the T5 amounts enter dollars and cents.
<actl_dvnd_amt></actl_dvnd_amt>
Actual amount of dividends other than eligible dividends
- 11 numeric
- T5 slip, box 10
<tx_dvnd_amt></tx_dvnd_amt>
Taxable amount of dividends other than eligible dividends
- 11 numeric
- T5 slip, box 11
<dvnd_tx_cr_amt></dvnd_tx_cr_amt>
Dividend tax credit for dividends other than eligible dividends
- 11 numeric
- T5 slip, box 12
<cdn_int_amt></cdn_int_amt>
Interest from Canadian sources
- 13 numeric
- T5 slip, box 13
<oth_cdn_incamt></oth_cdn_incamt>
Other income from Canadian sources
- 11 numeric
- T5 slip, box 14
<fgn_incamt></fgn_incamt>
Foreign income
- 11 numeric
- T5 slip, box 15
<fgn_tx_pay_amt></fgn_tx_pay_amt>
Foreign tax paid
- 11 numeric
- T5 slip, box 16
<cdn_royl_amt></cdn_royl_amt>
Royalties from Canadian sources
- 11 numeric
- T5 slip, box 17
<cgain_dvnd_amt></cgain_dvnd_amt>
Capital gains dividends
- 11 numeric
- T5 slip, box 18
- for tax years after 2000, report the full amount from January 1 to December 31
- for the tax year 2000, report the amount from October 18, 2000 to December 31, 2000
- 50% rate
<acr_annty_amt></acr_annty_amt>
Accrued income - annuities
- 11 numeric
- T5 slip, box 19
<rsrc_alwnc_amt></rsrc_alwnc_amt>
Amount eligible for resource allowance deduction
- 11 numeric
- T5 slip, box 20
<actl_elg_dvamt></actl_elg_dvamt>
Actual amount of eligible dividends
- 11 numeric
- T5 slip, box 24
<tx_elg_dvnd_pamt></tx_elg_dvnd_pamt>
Taxable amount of eligible dividends
- 11 numeric
- T5 slip, box 25
<enhn_dvtc_amt></enhn_dvtc_amt>
Dividend tax credit for eligible dividends
- 11 numeric
- T5 slip, box 26
<cgain_dvnd_1_amt></cgain_dvnd_1_amt>
Capital gains dividends Period 1
- 11 numeric
- T5 slip box 40
- for the tax year 2000, report the amount from January 1, 2000 to February 27, 2000
- 75% rate
<cgain_dvnd_2_amt></cgain_dvnd_2_amt>
Capital gains dividends Period 2
- 11 numeric
- T5 slip box 41
- for the tax year 2000, report the amount from February 28, 2000 to October 17, 2000
- 66.6% rate
<lk_nt_acr_intamt></lk_nt_acr_intamt>
Equity Linked Notes Interest
- 11 numeric
- T5 slip box 30
</T5_AMT>
</T5Slip>
<T5Summary>
<bn></bn>
Account Number
For Original returns:
- Required, 15 alphanumeric, 9 digits RZ 4 digits, example 000000000RZ0000
- the Account number assigned to file the T5 information return with CRA.
- if you have not been notified of your number, or you are unsure of your number, contact our Business Enquiries line at 1-800-959-5525.
For Amended returns:
- Required, enter the same Account number used in the original filed return.
- for 2008 and prior tax year amendments, enter the filer identification number, example HA0000000.
- for 2009 and subsequent tax year amendments, enter the BN RZ, example 000000000RZ0000
Note: In order to process a return, the complete Account number is required.
<FILR_NM>
<l1_nm></l1_nm>
Filer name - line 1
- Required, 30 alphanumeric
- first line of filer's name
- if "&" is used in the name area enter as "&"
<l2_nm></l2_nm>
Filer name - line 2
- 30 alphanumeric
- second line of filer's name
<l3_nm></l3_nm>
Filer name - line 3
- 30 alphanumeric
- use for "care of" or "attention"
</FILR_NM>
<FILR_ADDR>
<addr_l1_txt></addr_l1_txt>
Filer address - line 1
- Required, 30 alphanumeric
- first line of the filer's address
<addr_l2_txt></addr_l2_txt>
Filer address - line 2
- 30 alphanumeric
- second line of the filer's address
<cty_nm></cty_nm>
Filer city
- 28 alphanumeric
- city in which the filer is located
<prov_cd></prov_cd>
Filer province or territory code
- 2 alpha
- Canadian province or territory in which the filer is located or the state in the USA where the filer is located
- use the abbreviations listed in the T619 - Electronic transmittal under section: Transmitter province or territory code
- when the filer's country code is neither CAN nor USA, enter ZZ in this field
<cntry_cd></cntry_cd>
Filer country code
-3 alpha
- country in which the filer is located
- use the alphabetic country codes as outlined in the International Standard (ISO) 3166 - Codes for the Representation of Names of Countries
- always CAN for Canada, and USA for the United States of America
<pstl_cd></pstl_cd>
Filer postal code
- Required, 10 alphanumeric
- the filer's Canadian postal code, format: alpha, numeric, alpha, numeric, alpha, numeric, example: A9A9A9
- or the filer's USA zip code
- or when the filer's country code is neither CAN nor USA, enter the foreign postal code
</FILR_ADDR>
<CNTC>
<cntc_nm></cntc_nm>
Contact name
- Required, 22 alphanumeric
- contact's first name followed by surname for this return
- omit titles such as Mr., Mrs., etc.
<cntc_area_cd></cntc_area_cd>
Contact area code
- Required, 3 numeric
- area code of telephone number
<cntc_phn_nbr></cntc_phn_nbr>
Contact telephone number
- Required, 3 numeric with a (-), followed by 4 numeric
- telephone number of contact
<cntc_extn_nbr></cntc_extn_nbr>
Contact extension number
- 5 numeric
- telephone extension number of contact
</CNTC>
<filr_fi_br_nbr></filr_fi_br_nbr>
Filer bank transit number
- Required, 8 alphanumeric
- use only when you are reporting interest income
- the transit number assigned to the bank
- when an institution does not have a bank transit number, enter zeroes in the field
<tx_yr></tx_yr>
Taxation year
- Required, 4 numeric
- the tax year (e.g., 2001)
<slp_cnt></slp_cnt>
Number of T5 slip records
- required, 7 numeric
- total number of T5 slip records for this T5 Summary record
<rpt_tcd></rpt_tcd>
Report Type Code
- Required, 1 alpha
- originals = O
- amendments = A
Note: An amended return cannot contain an original slip.
<fileramendmentnote></fileramendmentnote>
Filer amendment note
- use for report type A only
- 1309 alphanumeric
<T5_TAMT>
<tot_cdn_int_amt></tot_cdn_int_amt>
Total interest from Canadian sources
- 15 numeric
- accumulated total of recipients' interest from Canadian sources, as reported on the T5 slip records filed with this T5 Summary
Note: For the following amounts, field limits are set to13 numeric. Enter dollars and cents.
<tot_actl_dvnd_amt></tot_actl_dvnd_amt>
Total actual amount of dividends other than eligible dividends
- accumulated total of recipients' actual amount of dividends other than eligible dividends, as reported on the T5 slip records filed with this T5 Summary
<tot_actl_elg_dvamt></tot_actl_elg_dvamt>
Total actual amount of eligible dividends
- accumulated total of recipients' actual amount of eligible dividends, as reported on the T5 slip records filed with this T5 Summary
<tot_tx_elg_dvamt></tot_tx_elg_dvamt>
Total taxable amount of eligible dividends
- accumulated total of recipients' taxable amount of eligible dividends, as reported on the T5 slip records filed with this T5 Summary
<tot_enhn_dvtc_amt></tot_enhn_dvtc_amt>
Total dividend tax credit for eligible dividends
- accumulated total of recipients' dividend tax credit for eligible dividends, as reported on the T5 slip records filed with this T5 Summary
<tot_tx_dvnd_amt></tot_tx_dvnd_amt>
Total taxable amount of dividends other than eligible dividends
- accumulated total of recipients' taxable amount of dividends, as reported on the T5 slip records filed with this T5 Summary
- total taxable amount of dividends other than eligible dividends
<tot_dvnd_tx_cr_amt></tot_dvnd_tx_cr_amt>
Total dividend tax credit for dividends other than eligible dividends
- accumulated total of recipients' total dividend tax credit for dividends other than eligible dividends, as reported on the T5 slip records filed with this T5 Summary
<totr_cdn_incamt></totr_cdn_incamt>
Total other income from Canadian sources
- accumulated total of recipients' other income from Canadian sources, as reported on the T5 slip records filed with this T5 Summary
<tot_fgn_incamt></tot_fgn_incamt>
Total foreign income
- accumulated total of recipients' foreign income, as reported on the T5 slip records filed with this T5 Summary
<tot_fgn_tx_pay_amt></tot_fgn_tx_pay_amt>
Total foreign tax paid
- accumulated total of recipients' foreign tax paid, as reported on the T5 slip records filed with this T5 Summary
<tot_cdn_royl_amt></tot_cdn_royl_amt>
Total royalties from Canadian sources
- accumulated total of recipients' royalties from Canadian sources, as reported on the T5 slip records filed with this T5 Summary
<tot_cgain_dvnd_amt></tot_cgain_dvnd_amt>
Total capital gains dividends
- accumulated total of recipients' capital gains dividends, as reported in boxes 18, 40 and 41 on the T5 slip records filed with this T5 Summary
<tot_acr_annty_amt></tot_acr_annty_amt>
Total accrued income - annuities
- accumulated total of recipients' accrued income annuities, as reported on the T5 slip records filed with this T5 Summary
<tot_rsrc_alwnc_amt></tot_rsrc_alwnc_amt>
Total amount eligible for resource allowance deduction
- accumulated total of recipients' amount eligible for resource allowance deduction, as reported on the T5 slip records filed with this T5 Summary
</T5_TAMT>
</T5Summary>
</T5>
</Return>
I have a deep understanding of the concepts outlined in the provided article. The document appears to be a set of guidelines or specifications related to the T5 slip and T5 summary for tax reporting in Canada. The T5 slip is a tax form used to report various types of income, such as dividends and interest, to the Canada Revenue Agency (CRA). Below, I will break down the key concepts mentioned in the article:
-
Recipient Information:
- Individual Recipient: Surname, First Name, Initial, SIN (Social Insurance Number), Trust Account Number.
- Second Individual Recipient: Surname, First Name, Initial.
- Corporation Recipient: Corporation Name (line 1 and line 2), Address, City, Province, Country, Postal Code.
-
Account Information:
- Account Number: Required for original and amended returns.
- Filer Bank Transit Number and Account Number.
-
Filer Information:
- Filer Name (line 1, line 2, line 3), Address, City, Province, Country, Postal Code.
- Contact Information: Contact Name, Area Code, Phone Number, Extension Number.
-
Taxation Information:
- Taxation Year.
- Number of T5 Slip Records.
- Report Type Code (Originals = O, Amendments = A).
-
Amount Information (T5 Slip and T5 Summary):
- Various amounts for dividends, interest, other income, foreign income, royalties, capital gains, accrued income, and more.
- Totals for different categories, such as total interest, total dividends (eligible and other), total foreign income, total royalties, total capital gains, etc.
-
Foreign Currency Indicator:
- Indicates if financial fields are reported in a foreign currency.
-
Report Code and Recipient Type Indicator:
- Report Code: O for originals, A for amendments, C for cancel.
- Recipient Type Indicator: Numeric code indicating the type of recipient (individual, joint account, corporation, etc.).
-
Equity Linked Notes Interest:
- Specific information related to Equity Linked Notes Interest.
The document outlines detailed instructions for filling out the T5 slip and T5 summary, including required fields, formats, and specific codes for various information.
If you have any specific questions or need further clarification on certain aspects, feel free to ask.
