How Do I Get My 2017 T5 for my EQ Bank, Simplii Financial, and Tangerine Accounts?

As January slides quickly down the melting ice bank towards February, it’s time for me to start gathering up our T5 slips to do our taxes. One of the drawbacks of having bank accounts at many financial institutions is I have to remember to get our tax slips from each—luckily we made so much interest from various promotions at these three banks they all issued us a T5 so we don’t need to add up our monthly interest income. Here’s how I got our T5s for our 2018 tax return from EQ Bank, Simplii Financial (formerly PC Financial) and Tangerine.

How to Print a T5 for a Tangerine Chequing or Savings Account

Although we earned enough interest from our Savings account to get a T5, we didn’t earn enough from our chequing account. So I thought I’d have to add up the interest month-by-month. I was wrong! Tangerine included the interest from our chequing account and our savings accounts all on the same T5.

  1. Sign in to your Tangerine accounts.
  2. Click on your name in the upper right side of the screen to see the drop-down menu list.
    Select Documents.
  3. On the Documents page, from the horizontal menu near the top, click on Tax Receipts.
    The most current tax year receipts will be displayed.
  4. If you want, you can change the year by selecting another year from the drop-down list.
  5. Click on the link, T5 – Interest earned
  6. Click on the link again T5 – Interest earned
  7. Your T5 will be a 2-sided document so you may want to print it using a 2-sided option if you have one.
    Print your T5.
  8. Click on the Done button.
  9. If you are finished banking, click on your name, then click on Log Out.
    For extra security, clear your browser history and cache and close your browser session.

How Do I Get a T5 for my US Dollar Savings Account at Tangerine?

If you have earned more than $50 in your savings and chequing accounts at Tangerine, the interest earned on your US dollar account will be included in your T5. If not, you will have to add up the payments yourself, and then use an approved conversion rate from the Bank of Canada to calculate the amount in Canadian dollars to report on your income tax return.

How Does Tangerine Convert My US Dollar Interest to Canadian Dollars for my Tax Slip, T5?

According to the Tangerine website in 2018 the interest “is converted to Canadian dollars at an average annual conversion rate set by the Bank of Canada.”

Luckily, since that’s what I do, too, I won’t have to re-calculate the interest.

How Do I Check How Much Interest I Earned Last Year On My Tangerine Account?

If you don’t get a T5, you still have to report the interest you earned on a bank account on your tax return. And even if you did get a T5, you may need to know how much interest you earned on a specific account if you have, say, two savings accounts and one of them you should claim and one your spouse should claim.

To check what an account earned:

  1. Sign in to your Tangerine accounts.
  2. Click on the name of the account you are interested in.
  3. There is a horizontal bar of links, click on the one called Account Details.
  4. Near the right side of the screen is a section called Interest Earned.
    You can get the total amount earned by that account from the row: Previous Year
  5. If you are finished banking, click on your name, then click on Log Out.
    For extra security, clear your browser history and cache and close your browser session.

Why Does My Tangerine T5 Report More Interest Than If I Add Up the Amounts from My Previous Years?

Watch out for one quirk: if you have a savings account, say a Vacation Savings account, that you close part way through the year, you may forget you have to add in the interest from that account also to get the total on your T5. The only way to double check the interest earned by a closed account is to look through your old monthly statements.

How to Get Your 2017 T5 Tax Slip from EQ Bank

  1. Sign in to your EQ Bank Accounts.
  2. From the horizontal list of links across the top, click on Accounts.
  3. Click on Tax Documents.
  4. Strangely, it does NOT default to showing me my most recent tax slip. Instead, I have to click on the drop-down list and choose 2017 – T5
  5. Click on the Generate Document button.
    It says you will get one T5 for the interest earned on all of your accounts.
  6. Click on the Print or save button.
  7. If you are finished banking, click on your name, and select Sign Out.
    For extra security, clear your browser history and cache and close your browser session.

How to Get Your 2017 T5 Tax Slip from Simplii Financial

Well, it seems CIBC has taken full control of PC Financial and re-named it Simplii Financial but a few things have not changed. So far, as at January 24, 2018, you can’t get your T5 for interest earned by your Simplii accounts online. I’ll have to wait for it to arrive via Canada Post.

I expect this will change either later this year or next, though. Mailing out forms usually costs banks more money than providing them online to be downloaded and printed by the customer.

So now I will have to gather up all of my tax slips and calculate how much interest my husband and I need to claim on our tax returns. The interest has to be paid by the person who owns the money so it’s not always straight forward for us. I’ll sort it out by April 30 though!

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Are you starting to hunt for your tax slips? Please share your successes with a comment.

How to Get T5 Tax Documents for Your Online Bank Accounts at EQ Bank, Oaken Financial, PC Financial, Tangerine, ZAG Bank

As tax-filing time approaches, I’ve started rounding up my tax slips including my T5s for our savings and chequing bank accounts with EQ, Oaken, PC Financial, Tangerine and Zag Bank.

Use Caution Saving Electronic (and Paper) Copies of Your Tax Slips Including T5s

Be sure to keep your electronic copies in a secured location—they have valuable information such as your name, address and SIN number which could be used for identity theft!

How to Get and Print Your T5 Tax Form for Your EQ Bank Savings Account

  1. Sign in to your EQ Bank accounts.
  2. From the drop-down list under the Accounts tab, click on: Tax documents
  3. From the drop-down list under Select the tax document you want to generate, choose the T5 for the year of interest.
    For example, I selected 2016 – T5 to complete my income tax return by April 2017.
  4. Click on the Generate document button.
  5. Wait a few seconds to a minute or two.
  6. The T5 will be displayed on your screen.
  7. Click on the Print or save button.
  8. When you are finished, near the bottom of the screen, click on the Back to tax documents button.

Interesting, no where do I seem to get a choice to save the T5 to my hard drive!

According to their online chat, I can only save the T5 if I use Google Chrome. I have no intention of using that program, so I will just scan and save my hard copy printout.

How to Get Your T5 Tax Forms for Your Oaken Financial Bank Accounts

Oaken Financial mails out its tax forms. So you’ll have to check your letter mail for your T5s and other tax forms.

How to Get Your T5 Tax Forms for Your PC Financial Bank Accounts

President’s Choice Financial mails out its tax forms. So you’ll have to check your letter mail for your T5s and other tax forms.

How to Get and Print Your T5 Tax Forms for Your Tangerine Bank Accounts

  1. Sign in to your Tangerine account/s.
  2. From the list on the left side of the screen, select My documents.
  3. Click on the link Tax receipts.
  4. From the drop-down box, select the year for which you wish the documents.
    It’s probably easiest to leave the selections “All account types” and “All receipts” so that you don’t miss a slip unless you are looking for something specific.
  5. From the list of PDF files of receipts, click on the one you want to print or save first.
  6. A popup window will let you choose to Open the PDF file or to save it.
  7. If desired, select Open and then print the file; or
    If desired, select Save and choose a destination to save the file. Be sure to keep your electronic copies in a secured location—they have valuable information such as your name, address and SIN number which could be used for identity theft!

NOTE: Tangerine combines the interest from your chequing and savings accounts onto a single T5 if the amount is $50 or more. You have to manually report any interest earned below $50 even if you did not receive a tax slip.

How to Get and Print Your T5 Tax Forms for Your Zag Bank Accounts

  1. Sign in to your Zag Bank account/s.
  2. Click on the Accounts tab.
  3. Click on the Statements link.
  4. From the Document Type: drop-down list, click on Year-End Tax Forms & Statements
  5. From the Tax Year: drop-down list, select the year of interest.
  6. From the Tax Forms: drop-down list, select T5, or just click on the View button.

Hmmm. I got an error message: The system is unavailable. Please try again later.
So no luck so far!

It’s probable that an error message is displayed because I had less than $50 of interest on my account and that there is no T5 for this account. In which case, I’ll have a LONG wait….

Aren’t Income Taxes Fun?

So now I’ve found the T5s for my bank accounts that earned more than $50 last year in interest, and I’ve added up the amounts I earned in interest for accounts that earned less than $50, I am one step closer to filing my income tax return for 2016. Oh joy!


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Do you have a check list of all the T slips you need before you file your taxes? Have you ever missed a slip? Please share your tax stories with a comment.

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