anyone has already received t5 tax slip from Simplii?

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Mar 24th, 2021 11:19 am

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Mar 19th, 2021 10:43 pm

gaogao [OP]: Sr. Member; Mar 1, 2010; 882 posts; 225 upvotes

Mar 19th, 2021 10:43 pm

anyone has already received t5 tax slip from Simplii?

I still did not receive it, anyone got it already?

10 replies

Mar 19th, 2021 10:58 pm

hwyc2007: Sr. Member; May 24, 2018; 783 posts; 745 upvotes; Ontario

Mar 19th, 2021 10:58 pm

@gaogao Yes, the paper slips were received in mail late Feb & Simplii uploaded a soft copies to CRA in early Feb ... but the issuer is CIBC & not Simplii

➡ simplii-financial-tax-slips-2448794/#p34140876

Mar 19th, 2021 11:22 pm

Krytical: Member; Dec 1, 2013; 310 posts; 121 upvotes

Mar 19th, 2021 11:22 pm

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.

Mar 19th, 2021 11:29 pm

ml88888888: Deal Fanatic; Jan 19, 2017; 9359 posts; 5599 upvotes

Mar 19th, 2021 11:29 pm

Krytical wrote: ↑ I did not get anything yet and it's not on my CRA either.

Some banks don’t issue T5 for <$50.

Mar 19th, 2021 11:32 pm

flyjazz: Deal Addict; Mar 14, 2014; 1322 posts; 1925 upvotes

Mar 19th, 2021 11:32 pm

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.

Mar 20th, 2021 8:18 am

adrian2: Deal Addict; Feb 2, 2007; 1096 posts; 1093 upvotes; GTA

Mar 20th, 2021 8:18 am

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.

+1

Mar 20th, 2021 11:46 am

MMJmeow: Jr. Member; Mar 22, 2019; 105 posts; 52 upvotes

Mar 20th, 2021 11:46 am

Got it on Mar 1, I'm in Vancouver

Mar 20th, 2021 12:12 pm

RD616: Sr. Member; Sep 29, 2007; 804 posts; 138 upvotes

Mar 20th, 2021 12:12 pm

Got mine like a month ago as well.

Mar 20th, 2021 2:21 pm

gibor365365: Deal Addict; Apr 27, 2015; 3050 posts; 1745 upvotes; Mississauga

Mar 20th, 2021 2:21 pm

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

+1

Mar 21st, 2021 2:20 pm

sushi604: Member; Feb 7, 2019; 326 posts; 241 upvotes

Mar 21st, 2021 2:20 pm

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

Mar 24th, 2021 11:19 am

aiyaya: Newbie; Nov 25, 2006; 5 posts; 2 upvotes

Mar 24th, 2021 11:19 am

Still haven't receive it. Saw some others said even called, they've been told to wait. Wonder if it's by area?

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