Personal Finance

FYI: Tangerine T5 Slips Are Now Available for 2017 Tax Year!

  • Last Updated:
  • Jan 13th, 2018 1:12 pm
[OP]
Deal Fanatic
User avatar
Apr 9, 2006
8098 posts
8920 upvotes
GT-EH

FYI: Tangerine T5 Slips Are Now Available for 2017 Tax Year!


FYI: Tangerine T5 Slips Are Now Available for 2017 Tax Year!


When you log in:
  • Click on your name (upper right corner)
  • Select Documents
  • Tax Receipts section
I just like to collect things! ¯\_(ツ)_/¯
Behold, true glory. #PCMasterRace!
19 replies
Newbie
Sep 18, 2017
59 posts
45 upvotes
Thanks just printed mine off. $3,793.84 + $955.29 + $2027.36 = $6,776.49 of interest in 2017 (3 savings accounts). Now time to give 50% to Justin and Bill. Disappointed But Relieved Face
Deal Addict
Jul 3, 2017
2832 posts
1907 upvotes
Amazing that they can give you T5s in 5 working days, but it takes them 2 months after end-of-quarter to produce an investment income statement.
Newbie
Feb 24, 2017
55 posts
16 upvotes
FUMONEY wrote:
Jan 10th, 2018 9:20 am
Thanks just printed mine off. $3,793.84 + $955.29 + $2027.36 = $6,776.49 of interest in 2017 (3 savings accounts). Now time to give 50% to Justin and Bill. Disappointed But Relieved Face
*reverse calculates to find out how much money you have* :)

Time to switch to TFSAs and RRSPs!
Member
Jan 16, 2009
286 posts
85 upvotes
wadesj wrote:
Jan 10th, 2018 1:40 pm
*reverse calculates to find out how much money you have* :)

Time to switch to TFSAs and RRSPs!
Using average of 3% interest that's over 225k over the 3 accounts lol.
Sr. Member
Nov 8, 2006
657 posts
140 upvotes
Toronto
wayneg9999 wrote:
Jan 10th, 2018 2:12 pm
Using average of 3% interest that's over 225k over the 3 accounts lol.
Thats about right. LOL Face With Tears Of Joy
Newbie
Sep 18, 2017
59 posts
45 upvotes
wadesj wrote:
Jan 10th, 2018 1:40 pm
*reverse calculates to find out how much money you have* :)

Time to switch to TFSAs and RRSPs!
Pretty good math skills but 3% is a pipe dream with Tangerine until we see a couple more rate increases from the BOC. We keep six figures as our emergency fund or "opportunity fund" and I also keep a big chunk of change in my business savings account which earns peanuts (current have $500k in there earning 1.25%) and that is my business emergency fund.

TFSA's and RESP were maxed January 1st and I have maxed my RRSP every year for 25 years.
Jr. Member
Jul 13, 2017
150 posts
46 upvotes
Exp315 wrote:
Jan 10th, 2018 12:22 pm
Amazing that they can give you T5s in 5 working days, but it takes them 2 months after end-of-quarter to produce an investment income statement.
I'm not sure but I think T5 *generally* often just consist of interest earned (simple calculation thus slip comes fairly fast); T3 *generally* involve investment income from things like mutual funds. It takes longer to send those out because those companies need a longer time finishing off their y/e financials (rather than just simply "adding up interest you might have earned from a savings account from month to month").

But I am no accountant/expert on this subject (this is just my best guess).
Moderator
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Mar 23, 2004
37089 posts
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Markham
Thanks, it was there indeed.
「もし、奇跡を起こせたら……」
Deal Addict
Jul 3, 2017
2832 posts
1907 upvotes
ForlornHope wrote:
Jan 11th, 2018 1:00 pm
I'm not sure but I think T5 *generally* often just consist of interest earned (simple calculation thus slip comes fairly fast); T3 *generally* involve investment income from things like mutual funds. It takes longer to send those out because those companies need a longer time finishing off their y/e financials (rather than just simply "adding up interest you might have earned from a savings account from month to month").
I was talking about the quarterly statement, not the T3, and every other company manages to get their quarterly statements out within a few weeks of quarter end. Tangerine themselves have a commitment to get it out within 30 days posted on their web site, which they routinely fail to meet. Can you imagine the penalties they would hit you with if you failed to meet a 30-day commitment deadline? Oh wait, you don't have to imagine.
Jr. Member
Jul 13, 2017
150 posts
46 upvotes
Exp315 wrote:
Jan 11th, 2018 5:06 pm
I was talking about the quarterly statement, not the T3, and every other company manages to get their quarterly statements out within a few weeks of quarter end. Tangerine themselves have a commitment to get it out within 30 days posted on their web site, which they routinely fail to meet. Can you imagine the penalties they would hit you with if you failed to meet a 30-day commitment deadline? Oh wait, you don't have to imagine.
ahhh....sorry. My apologies. (my bad for skipping my morning coffee - I failed to read your post properly).
Member
Jun 15, 2008
439 posts
40 upvotes
I have four T5 to download but could only managed to download two. The other two give me "{"http_code":500,"response_status":{"status_code":"INVALID_HTTP_CODE"},"status_text":"500 Internal Server Error"}". They told me change browser, empty cache... but I tell them, it;s internal server error.
Deal Fanatic
Oct 26, 2008
5532 posts
1241 upvotes
BC
Maybe I am missing something here, but ......

CRA already have your T5s and you can let your tax filing app populate your return with everything CRA has, so why do you need to download them from the bank?
Member
User avatar
Jun 23, 2017
407 posts
149 upvotes
Toronto, ON
GiOBoY wrote:
Jan 10th, 2018 9:09 am

FYI: Tangerine T5 Slips Are Now Available for 2017 Tax Year!


When you log in:
  • Click on your name (upper right corner)
  • Select Documents
  • Tax Receipts section
Thanks! you mean I gotta pay tax on all this nice interest income?!?!? :-)
FUMONEY wrote:
Jan 10th, 2018 9:20 am
Thanks just printed mine off. $3,793.84 + $955.29 + $2027.36 = $6,776.49 of interest in 2017 (3 savings accounts). Now time to give 50% to Justin and Bill. Disappointed But Relieved Face
That is a lot of interest income for 12 months.
Newbie
Dec 11, 2016
52 posts
38 upvotes
Mine was about $190. Do I really have to report it?

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