GIC interest tax
I like to find out how do you report interest earned on a term GIC.
Example
I started a GIC in Augest. So on Dec31st, it will have 4 month interest. It is more than 50$.
I know Bank will send me me a T5 for the 4 months.
Now my question
At the end of 2019, I will have 8 months of interest paid.
Will the T5 issue by the bank for the coming yr be the whole term or just the 8 months.?
Example
I started a GIC in Augest. So on Dec31st, it will have 4 month interest. It is more than 50$.
I know Bank will send me me a T5 for the 4 months.
Now my question
At the end of 2019, I will have 8 months of interest paid.
Will the T5 issue by the bank for the coming yr be the whole term or just the 8 months.?