11:40 am
October 27, 2013
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11:04 am
December 26, 2020
11:55 am
January 3, 2009
3:07 pm
January 12, 2019
3:30 pm
October 27, 2013
7:00 pm
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9:56 am
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2:47 pm
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9:20 am
November 3, 2022
I just downloaded Hubert T5s, and since this is my first year getting tax slips from them, I was wondering why they sent two separate T5s?
One was for a much larger amount than the other, but both were showing interest received on the same member number.
One logic that I can think of is that the larger T5 was for interest received on my term deposits and the smaller one was from interest on my HISA.
Both T5s were marked "Duplicate".
Before I crack open my statements from 2022 to cross-check the interest payments, I was wondering if others receive multiple T5 slips from different types of accounts with Hubert?
Each FI seems to report their T5 interest differently - e.g., Oaken does so on a consolidated basis for Home Trust, and then on a consolidated basis for Home Bank. Once I learn the logic of Hubert's reporting, I'm sure it will all make sense.
9:50 am
December 7, 2011
Rail Baron said
Both T5s were marked "Duplicate".Before I crack open my statements from 2022 to cross-check the interest payments, I was wondering if others receive multiple T5 slips from different types of accounts with Hubert?
Yes, I also received Hubert (Access CU) T5 marked "DUPLICATE".
Only one T5 with combined interests from GIC's and HISA.
11:02 am
November 18, 2017
11:40 am
October 21, 2013
11:54 am
November 3, 2022
Loonie said
I wonder if one of them is from Sunova (Hubert) and the other is from Access (Hubert), reflecting change of identity of the organization mid-year.
Both of my T5s were identified as coming from Access Credit Union in Winkler, MB, with the same Hubert client number. Using client number, rather than account number complicates figuring which income came from which accounts, if that is how they split it.
5:22 pm
March 30, 2017
COIN said
"Yes, I also received Hubert (Access CU) T5 marked "DUPLICATE"."
Years ago I received an incorrect T5 (original) from an institution. They made the correction and issued a new T5 (new).The CRA added both the original and new T5 together and tried to tax me on the combined balance.
Yes it’s easier to convince someone the sun rotates around the earth than to convince CRA they r wrong. Sigh
5:49 pm
April 6, 2013
That's particularly difficult when CRA is actually right.
Issuing another T5 slip would be considered an additional slip. If the financial institution didn't mark the second slip as "AMENDED" at the top of the slip, then CRA was correct to consider the second slip as additional income and not amended income.
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