Personal Finance

anyone has already received t5 tax slip from Simplii?

  • Last Updated:
  • Mar 24th, 2021 11:19 am
[OP]
Sr. Member
Mar 1, 2010
872 posts
221 upvotes

anyone has already received t5 tax slip from Simplii?

I still did not receive it, anyone got it already?
10 replies
Jr. Member
Dec 1, 2013
180 posts
89 upvotes
Vancouver
gaogao wrote: I still did not receive it, anyone got it already?
I did not get anything yet and it's not on my CRA either.

Edit: Simplii HISA 2% promo gets deposited in April so I will not be expecting a T5 this year.
Last edited by Krytical on Mar 20th, 2021 12:45 am, edited 1 time in total.
Deal Fanatic
Jan 19, 2017
6758 posts
3870 upvotes
Krytical wrote: I did not get anything yet and it's not on my CRA either.
Some banks don’t issue T5 for <$50.
Deal Addict
Mar 14, 2014
1186 posts
1554 upvotes
Krytical wrote: I did not get anything yet and it's not on my CRA either.
It may not apply to you, FI are not required to issue T5 slips, or report to CRA if the interest earned is less than $50.
Sr. Member
Feb 2, 2007
981 posts
916 upvotes
GTA
flyjazz wrote: It may not apply to you, FI are not required to issue T5 slips, or report to CRA if the interest earned is less than $50.
Correction: they are reporting to CRA for amounts less than $50, it's only the T5's that are not mandatory.
One should report any amount of interest earned.
Sr. Member
Sep 29, 2007
762 posts
121 upvotes
Got mine like a month ago as well.
Deal Addict
Apr 27, 2015
2734 posts
1367 upvotes
Mississauga
Yes, I received a couple weeks ago.... note that on the slip name of institution is not Simplii, but CIBC.
Also, when I did CRA auti-fill , Simplii T5 was populated

You can just call Simplii and they will mail you duplicate, also they can tell over the phone $ amount from Box 13 (everything you need to know)
"All animals are equal but some animals are more equal than others" George Orwell
Member
Feb 7, 2019
287 posts
197 upvotes
Got mine last month too
I believe it is a mistake to judge the quality of a decision solely by its outcome. Good decisions (i.e. lumpsum investing) can have "bad" outcomes and bad decisions can have good outcomes simply because of luck— Germack
Newbie
Nov 25, 2006
5 posts
2 upvotes
Still haven't receive it. Saw some others said even called, they've been told to wait. Wonder if it's by area?

Top