This is only applicable to members that have opted into our "earn interest" accounts.
What is a T5 slip?
A T5 slip (Statement of Investment Income) is used to report various kinds of investment income that Canadian residents must include on their Income Tax and Benefit Return.
Why do you provide T5 slips for members earning interest* on their account?
We issue a T5 slip because the interest you earn is taxable income and must be reported to the Canada Revenue Agency (CRA).
Where can I access my T5 slip?
When we have it ready, you'll just need to go in-app to Profile > Documents > Tax Receipts to access it!
When will my T5 slip become available?
Members who opted into an "Earn Interest" account will have a T5 created for them and it will be available on March 1st of the following year.
Why can't I see my T5 slip?
If you don’t see a T5 slip in the Tax Receipts section of your documents, it means one was not issued.
A T5 slip is only prepared if your total interest earned in a calendar year is $50 or more.
If your earnings are below $50, no T5 will be issued.
What happened to my old Wealthsimple T5 slips?
You’ll no longer see your past Wealthsimple-issued T5 slips in the KOHO app.
Only your new T5 slips issued by KOHO will appear under Profile > Documents > Tax Receipts.
If you need a copy of an older T5 that was previously issued by Wealthsimple, please reach out to Wealthsimple directly.
What about Québec residents (RL-3 slip)?
If you live in Québec, you may also receive an RL-3 slip (Relevé 3) from Revenu Québec in addition to your T5.
The RL-3 reports your investment income for provincial tax purposes.
You’ll need to include both the T5 (federal) and RL-3 (Québec provincial) slips when you file your taxes.
If your interest earned is less than $50, neither a T5 nor an RL-3 will be issued.
⚡ Reminder: Interest rates are annual, calculated daily, paid monthly, and may change at any time without notice.