📈 Line 12100 – Interest and Other Investment Income

💰 What Counts as Investment Income

Report amounts such as:

• Interest from bank accounts, term deposits and guaranteed investment certificates (GICs) earned during the year.
• Interest on tax refunds received from the CRA for the tax year.
• Foreign interest and foreign dividend income converted to Canadian dollars.
• Certain other investment income reported on T-slips such as T5, T3 or T5013.

You must report income even if you did not receive a T5 slip (for example, interest under $50).

🏦 Bank Accounts & Joint Investments

Report interest paid or credited to you in the year even without a tax slip if under the reporting threshold. For joint accounts, generally include your share of interest based on your contribution to the account.

📊 Investments Over Multiple Years

For long-term investments like GICs or term deposits, report interest earned each complete investment year, even if you only receive the funds when the investment matures or is cashed.

🌍 Foreign Income & Exchange Rates

Foreign interest and dividend income must be converted to Canadian dollars using the Bank of Canada exchange rate on the date the income is received. The CRA may accept other widely available and verifiable rates in certain cases.

If you pay foreign tax on that income, you may be able to claim a foreign tax credit on line 40500, but do not subtract foreign taxes from income when reporting on line 12100.

📈 Special Situations

• Interest on treasury bills is the difference between purchase price and proceeds at maturity.
• Interest earned on life insurance policies should be reported using amounts on T5 slips.

Special rules may apply to income from property (including money) that one family member lends or transfers to another; see CRA guidance for such situations.

🧾 How to Report on Your Return

Use the Federal Worksheet to calculate your total interest and other investment income, then enter that amount on line 12100 of your return.