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2023 T5 tracking
January 11, 2024
4:55 am
savemoresaveoften
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I create this thread just so its a 1 place to report T5 availability from FIs.

As usual Tangerine is the first one out the gate

Tangerine is available as of Jan 10, download e copy.

January 16, 2024
4:33 am
savemoresaveoften
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Oaken T5 ready for download

January 16, 2024
4:45 am
cgouimet
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savemoresaveoften said
Oaken T5 ready for download  

Just checked. Not me ...

CGO
January 16, 2024
5:29 am
savemoresaveoften
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cgouimet said

Just checked. Not me ...  

did u rec email that its ready ?

I just checked and Home Bank is available, Home Trust is not.

Also after u click on the document, there is like a few secs of delay before its downloaded. On Chrome, I clicked and nothing happens. Few seconds later, it pops up under download.

January 16, 2024
5:51 am
cgouimet
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savemoresaveoften said

did u rec email that its ready ?

I just checked and Home Bank is available, Home Trust is not.

Also after u click on the document, there is like a few secs of delay before its downloaded. On Chrome, I clicked and nothing happens. Few seconds later, it pops up under download.  

No email yet and I am familiar with Oaken documents/statements. Tax Year 2023 is not listed yet, only 2022. They must do them in groups ...

CGO
January 16, 2024
9:57 am
phrank
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cgouimet said

No email yet and I am familiar with Oaken documents/statements. Tax Year 2023 is not listed yet, only 2022. They must do them in groups ...  

You're probably right, because I don't have T5s for either either account for us on HT or HB and we've never received emails notifying us.

January 16, 2024
11:01 am
Alexandre
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savemoresaveoften said

I just checked and Home Bank is available, Home Trust is not.
 

Same here. I just downloaded Home Bank T5 for 2023.

Thanks for letting us know.

January 17, 2024
7:51 am
cgouimet
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Alexandre said

savemoresaveoften said

I just checked and Home Bank is available, Home Trust is not.
 

Same here. I just downloaded Home Bank T5 for 2023.

Thanks for letting us know.  

Same here. Home Bank today. No Home Trust yet.

Although, I didn't receive any Home Trust for 2022 either. I wonder if they're combined ...

CGO
January 17, 2024
8:05 am
savemoresaveoften
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cgouimet said

Same here. Home Bank today. No Home Trust yet.

Although, I didn't receive any Home Trust for 2022 either. I wonder if they're combined ...  

For 2022, HB and HT came as 2 separate receipts. Not sure this year.

January 17, 2024
10:15 am
Deemkay
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Both Home Trust and Bank available for me today

January 17, 2024
4:01 pm
Dean
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savemoresaveoften said

Oaken T5 ready for download  

Ditto sf-smile

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

January 17, 2024
5:07 pm
Bill
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Home Trust and Home Bank are two separate banks, each has to issue its own slips.

January 18, 2024
12:23 pm
phrank
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Didn't have my Oaken T5's this morning, have them all now.

January 18, 2024
1:36 pm
cgouimet
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cgouimet said

Same here. Home Bank today. No Home Trust yet.

Although, I didn't receive any Home Trust for 2022 either. I wonder if they're combined ...  

Got email on 17th re T5's available. Home Bank T5 downloaded 17th AM. No further emails, no Home Trust T5 this 18th AM but there now ...

CGO
January 19, 2024
5:32 am
Alexandre
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savemoresaveoften said
As usual Tangerine is the first one out the gate
Tangerine is available as of Jan 10 

EQ bank just emailed that their T5s should be expected by end of February.

Tells you which one of these FIs was created as truly online bank, and which one has online front end, but last century back end.

January 19, 2024
6:36 am
cgouimet
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Alexandre said

savemoresaveoften said
As usual Tangerine is the first one out the gate
Tangerine is available as of Jan 10 

EQ bank just emailed that their T5s should be expected by end of February.

Tells you which one of these FIs was created as truly online bank, and which one has online front end, but last century back end.  

I suspect it's not a system issue but rather the lack of willingness to schedule the auto generation of T-Slips before legally required to do so.

CGO
January 19, 2024
8:41 am
AltaRed
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Alexandre said
EQ bank just emailed that their T5s should be expected by end of February.

Tells you which one of these FIs was created as truly online bank, and which one has online front end, but last century back end.  

I like the content of the EQ Bank email though. Very clear and concise on each of the tax slips and what is included in each tax slip. I do not see why timing of tax slips is relevant though as long as they meet statutory requirements.

There is no need to do anything with them, e.g. download the PDFs, until early March anyway for the first data inputs to tax software, and then again in early April (T3s et al) to finish it off. Two sittings to populate the tax file is enough.

January 19, 2024
11:29 am
savemoresaveoften
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AltaRed said

I do not see why timing of tax slips is relevant though as long as they meet statutory requirements.

If you believe the T5 deadline requirment date is generous, which I believe it is, then there is no reason why it cant be generated earlier, esp when everything is done by the system these days.

Some may want to the T5 earlier rather than later, just so they can get their tax refund from say RRSP withdrawl, etc. I am not in that camp and wait till end of Apr to file, but there are some that will benefit from an earlier T5.

January 19, 2024
11:46 am
cgouimet
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savemoresaveoften said

AltaRed said

I do not see why timing of tax slips is relevant though as long as they meet statutory requirements.

If you believe the T5 deadline requirment date is generous, which I believe it is, then there is no reason why it cant be generated earlier, esp when everything is done by the system these days.

Some may want to the T5 earlier rather than later, just so they can get their tax refund from say RRSP withdrawl, etc. I am not in that camp and wait till end of Apr to file, but there are some that will benefit from an earlier T5.  

I prefer to file early and then get refund early. If I owe, $ transfer goes Apr 29.

CGO
January 19, 2024
11:51 am
AltaRed
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I understand getting one's RRSP contribution tax refund back a bit earlier is worth a few dollars in interest (investment) income. That said, CRA won't open Netfile until Feb 19th anyway.

https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2023/get-head-start-taxes-using-cra-digital-services.html

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