Understanding Your T5 and T5013 Tax Slips

When tax season rolls around, you might get one or more tax slips related to your investments on addy. Here’s a breakdown of the most common ones — what they mean, where to find them, and what to do if something’s missing.

📄 What’s a T5?

A T5 slip reports income earned outside of registered accounts. You might get a T5 if you earned more than $50 in investment income like:

• Interest from savings accounts or GICs

• Dividends from Canadian corporations

• Certain types of foreign investment income

Not all investors will receive a T5 — it depends on how much income was generated in the tax year.

📄 What’s a T5013?

The T5013 is for investors who hold units in a limited partnership. It’s a bit more complex than a T5 and outlines your share of:

• Business income or losses

• Interest income

• Capital gains or losses

• Foreign income

• Deductions and credits

Even if you didn’t receive a cash payout, if you’re a partner in a limited partnership, you might still have to report income based on what the partnership earned. The CRA taxes based on income allocations, not distributions.

💡 You might owe tax even if you didn’t receive any cash.

🔍 Where to Find Your Tax Slips

You can check for your slips in a few places:

• Log into your addy account and head to View Tax Documents

• Look for an email from the issuer (some send slips digitally)

• Check your CRA My Account for anything filed directly with them

• Contact the issuer if you think a slip is missing

✅ Do I Have to Report These?

Yes — both T5 and T5013 slips report taxable income. If you receive one, it needs to be included in your personal income tax return. Not reporting a slip could lead to penalties or reassessments from the CRA.

🧾 If You’re in a Limited Partnership

If a T5013 Was Issued

If the partnership filed a return with the CRA, you’ll get a T5013 slip. It shows your share of:

• Income or losses

• Capital gains/losses

• Foreign income

• Deductions and credits

You’ll need to report everything listed on the slip, even if no cash changed hands.

If No T5013 Was Issued

Some small partnerships aren’t required to file a T5013. In that case, you still have a tax reporting obligation. You’ll need to manually calculate your share of the income or loss using the partnership’s records (like year-end financials or an investor summary).

Even without a slip, the CRA expects you to report it.

✅ Summary: What to Do

📬 Didn’t Receive a Slip?

Here’s what to do:

• Check your spam or junk folders

• Confirm your email and mailing address with the issuer

• Reach out to the issuer and ask for a reissue

• If needed, estimate based on past records and follow up with the CRA or your tax advisor

🧠 More Resources

• CRA – All About Your Tax Slips

• CRA – T5 Guide

• CRA – T5013 Guide

• CRA My Account

⚠️ For Educational Purposes Only

This article is provided for educational and informational purposes only. It does not constitute tax, legal, or investment advice. Please consult a qualified tax professional for guidance specific to your situation. All tax slip content is supplied directly by the investment issuer.

❗ Important Disclaimer

All content, including but not limited to messages, documents, statements, representations, claims, and data provided in this article, is supplied solely by the Investment Entity. addy Technology Corp. does not endorse, verify, confirm, or warrant the accuracy, completeness, reliability, or validity of any content included herein. Readers should independently assess, evaluate, confirm, and verify all information and must not rely exclusively upon it for any decision-making purposes. addy Technology Corp. expressly disclaims all liability arising from or relating to reliance upon this information.