2023 T5 error | Page 4 | Hubert Financial | Discussion forum

GIC-Fanatic said
If you have a T5 slip for $1201.59 and is an "individual"
And you receive an Amended T5 for $1201.59 and is now "joint"

You should only have to claim $1201.59 in interest income as the amended slip actually replaces the original one??  

Yes, I believed so.

GIC-Fanatic said

Hi. Called CRA today. They say since they still show, both the amounts $1201.59 x 2 are taxable. And I need to have the individual slip disappear by cancelling it. Now to figure out how to do that.

There must some rules, codes or fields that can be changed or altered for an amended to be a replacement and disappear based on the process being done properly???

Thank you.  

Below is the documentation from CRA, which contains instructions for T5 issuers:
"Amending T5 slips
After filing your information return, you may notice an error on the T5 slips. If so, you will have to prepare amended slips to correct the information. Give the recipient two copies of the slips. Do not include slips that have no changes."

There is no mention of a Cancel slip is required when an Amend slip is created.
You may need to call Hubert for a cancel individual slip.