curiocity
New Member

What is the correct way to enter investment income that is to be shared with spouse if we are separated? 50% in each box or 100% in each box then 50% in box at bottom?

 

Seniors and students

To split your T5 with someone other than your spouse, (this includes a spouse you are separated from), simply report the portion that applies to you on your own tax return and provide the other joint account holder(s) with a copy of the T5 slip in order for them to report the proportionate income on their tax return.

Retain your copy of the tax slip and your explanation as to why you have not reported the full amount in your own file in case you are asked for it by CRA.

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