When Are T5 Tax Slips Due? Filing Deadline, Penalties, and Fixes

T5 slips for the 2025 tax year must be filed with the Canada Revenue Agency and delivered to recipients by Monday, March 2, 2026. The statutory T5 tax slip deadline is the last day of February following the calendar year the income was paid, but February 28, 2026 lands on a Saturday, so the CRA treats a return as on time if it is received or postmarked by the next business day.¹

That same March 2 date applies to both electronic submissions and mailed paper copies, and to the two copies each recipient must receive so they can report the income on their personal return.²

Who Has to Send a T5

Any corporation, partnership, trust, or individual who pays investment income to a Canadian resident, or to a nominee or agent acting for one, has to prepare a T5 return.³ The threshold is low: once total payments to a single recipient reach $50 in the year, a slip is required.⁴ Below that amount, no slip is needed, though the recipient still has to report the income themselves.⁵

The income reported on a T5 covers dividends (eligible and non-eligible), interest from bonds, deposits, insurance and annuity contracts, royalties, blended payments of income and capital, and interest deemed to accrue on assigned or transferred equity-linked notes.³

How to File Before March 2, 2026

Electronic filing is mandatory once you file more than five slips for the year.⁶ Two channels are available through the CRA:

Web Forms, which accepts up to 100 slips entered through the secure portal and suits small to mid-size filers.⁷
Internet File Transfer, which accepts XML files generated by accounting software through My Business Account and handles large volumes.

Both methods give you a confirmation number immediately. Keep it. That number is your proof the return arrived on time.

Paper filing is only permitted when you have five or fewer slips.⁶ In that case, mail the slips along with the T5 Summary (Form T5SUM), whose totals must match the combined figures on the individual slips exactly,⁸ to:

T5 Program
Jonquière Tax Centre
Post Office Box 1300, LCD Jonquière
Jonquière QC G7S 0L5⁶

Filing on paper when you should have filed electronically is its own violation, with penalties starting at $125 for six to fifty slips and reaching $2,500 for 2,501 or more.⁹

Penalties for Filing T5 Slips Late

The CRA charges late-filing penalties on a per-day basis, capped at 100 days, with the daily amount and maximum determined by how many slips are late.¹⁰ The tiers are:

1 to 5 slips: $100 flat.
6 to 10 slips: $5 per day, to a maximum of $500.
11 to 50 slips: $10 per day, to a maximum of $1,000.
51 to 500 slips: $15 per day, to a maximum of $1,500.
501 to 2,500 slips: $25 per day, to a maximum of $2,500.
2,501 to 10,000 slips: $50 per day, to a maximum of $5,000.
10,001 or more slips: $75 per day, to a maximum of $7,500.

The minimum penalty is $100 in every case.⁹ The framework sits under subsection 162(7.01) of the Income Tax Act.¹¹

Two additional charges can stack on top. Interest accrues on unpaid amounts at the CRA’s prescribed rate, set at 7% for the first quarter of 2026.¹² And failing to include a recipient’s Social Insurance Number, when you didn’t make a reasonable effort to obtain it, carries a separate $100 penalty for each slip.⁹

Fixing a Slip After You’ve Filed

If you catch an error after submitting, prepare an amended slip that corrects only the wrong information and leaves everything else identical to the original. Give the recipient two copies of the corrected slip.¹³

Filing electronically, use report type code “A” on both the summary and the slip for an amendment, and code “C” on the slip (with the original data unchanged) for a cancellation. On paper, write “AMENDED” or “CANCELLED” at the top of the slip, complete every box including the ones that didn’t change, and mail one copy to your tax centre with a covering letter. Don’t file an amended T5 Summary when you’re correcting individual slips on paper.¹³

If You’re the Recipient and Yours Hasn’t Arrived

The same deadline that binds issuers is the reason most T5 slips reach recipients by early March. If yours hasn’t arrived and your personal return is coming due, you still have to report the income. Add up your account statements to estimate the amounts, and attach a note to your return with the issuer’s name and address, the type of income, and what you did to try to get the slip.¹⁴

Contact the issuer first. If that doesn’t produce a slip, check My Account on the CRA website, where your T5 may appear once the issuer has filed it electronically. The CRA cannot give you a copy until after the issuer files.¹⁴

1
Canada Revenue Agency. Due Date
2
Canada Revenue Agency. Distributing the T5 Slip
3
Canada Revenue Agency. T5 Guide – Return of Investment Income
4
Canada Revenue Agency. When Do You Have to Prepare a T5 Slip
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Canada Revenue Agency. Line 12100 – Interest and Other Investment Income
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Canada Revenue Agency. T5 Information Return – Filing Methods
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Canada Revenue Agency. File Information Returns Electronically – How to File
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Canada Revenue Agency. T5 Summary
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Canada Revenue Agency. Penalties
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Canada Revenue Agency. When to File Information Returns
11
Justice Laws Website. Income Tax Act RSC 1985 c 1 (5th Supp) – Section 162
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Canada Revenue Agency. Interest Rates for the First Calendar Quarter
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Canada Revenue Agency. Amending, Cancelling, Adding, or Replacing T5 Slips
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Canada Revenue Agency. Tax Slips – Get a Copy of Your Slips