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the T5 Statement of Investment Income Tax Form Explained 2023-2025

2023-2025 Form

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[Music] how to prepare a t5 slip hi my name is Alan Madden format in Chartered Accountant today I will explain step by step how to prepare a t5 flip if you are an owner of a corporation who receives or wants to receive dividends from your company then this video is meant for you what is a t5 slip a t5 slip reports dividends paid from a Canadian corporation to its shareholders preparing a t5 slip in order to prepare a t5 slip you must follow these eight easy steps step 1 fill in the recipients first name and last name and address the recipient is the individual receiving the dividend [Music] step two fill in the payers name and address the payer is your corporation step three write the year in which the dividend was received for example 2016 step 4 determine if the dividend paid is an eligible dividend or a non eligible dividend an eligible dividend is paid from corporate profits and access to $500,000 eligible dividends have a preferential or lower tax rate a non eligible dividend is p

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