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Level 2
May 3, 2022
Question

Inputting T3 and T5 investment income into T2 Profile module

  • May 3, 2022
  • 1 reply
  • 7 views

I am not seeing any T3 or T5 module within the T2 Profile return that maps the investment income. Am I having to put it in manually to the necessary schedules? Please confirm which schedule's and lines I should be entering the T3/T5 capital gains, interest and dividends in. 

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1 reply

Level 7
May 3, 2022

Investment income gets recorded on the Schedule 125 - gifi code 8090 up to 8094.  Dividend income is on the Schedule 125 - gifi code 8096, and also gets recorded on Schedule 3 Part 1.  Capital gains dividends (capital gains on the T3 or T5 slips) are recorded as Investment income on the Schedule 125 (gifi code 8090 would work) and on Schedule 6 on line 875.

RN93Author
Level 2
May 3, 2022

Great thanks!