https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12100-interest-other-investment-income.html
Line 12100 – Interest and other investment income
Interest and other investment income form part of your total income and must be reported on your return.
Interest, foreign interest and dividend income, foreign income, foreign non-business income and certain other income are all amounts that you report on your return as interest and other investment income. They are usually shown on a T5 slip, T3 slip and T5013 slip.
You may not receive a T5 slip if the investment income is less than $50, but you must still report the income.
You also have to report the interest on any tax refund that you received in 2023 as shown on your notice of assessment or reassessment.
Notes
Special rules apply for income from property (including money) that one family member lends or transfers to another. For more information, see Other amounts you have to report on your return.
Generally, when you invest your money in your child's name, you have to report the income from those investments. However, if you deposited Canada child benefit payments into a bank account or trust in your child's name, the interest earned on those payments must be included in your child's income.
For children born in 2006 or later who report certain investment income, see line 40424.
On this page
Foreign income
Bank accounts
Term deposits, guaranteed investment certificates and other similar investments
Treasury bills
Earnings on life insurance policies
Canada savings bonds (CSBs)
Completing your tax return
Foreign income
If you received foreign interest or dividend income, report it in Canadian dollars.
Use the Bank of Canada exchange rate in effect on the day that you received the income. If you received the income at different times during the year, use the average annual rate. The average monthly rate and the daily rate are available by visiting the Bank of Canada.
If you paid foreign taxes on your interest or dividend income, you may be able to claim a foreign tax credit when you calculate your federal (see line 40500) and provincial or territorial taxes (Form 428). Do not subtract the taxes from your income when you report it.
If you own an interest in a foreign investment entity or an interest in a foreign insurance policy, you may have to report investment income.
If, as a shareholder in a foreign corporation, you received certain shares in another foreign corporation, you may not have to report any amount as income for receiving those shares.
For more information, contact the CRA.
Note
Foreign dividends do not qualify for the dividend tax credit.