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April 12, 2023
Question

I invested in GICs in 2022. Do I report the interest that has been earned as of December 31, even if I have not received it yet?

  • April 12, 2023
  • 1 reply
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    1 reply

    TurboTaxSusan
    April 14, 2023

    If the GICs are not registered accounts (TFSA, RRSP, etc), then yes you must report the interest income, even if you didn't get a T5 slip.