This is only applicable to members that have opted into our "earn interest" accounts.
What is a T5 slip?
A T5 slip (also referred to as a Statement of Investment Income) is used to report the various kinds of investment income that Canadian residents have to report on their Income Tax and Benefit returns.
Why do you provide T5 slips for members earning interest* on their account?
We need to provide a T5 slip because the interest* earned will be taxed.
Where can I access my T5 slip?
When we have it ready, you'll just need to go in-app to Account > 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. If you signed up to earn interest before October 1st, 2024, you will receive two T5s for 2024, one from Wealthsimple and one from KOHO. You must use both T5s when it’s time to file your 2024 taxes.
*Interest rates are per year, calculated daily, paid monthly, and
can change at any time without notice.