Motive T5 2026? | Motive Financial | Discussion forum

I believe there will be a 2025 T5 from CWB for anything earned before the switch to National and a separate T5 from National for anything earned after the switch.

Dean, I am assuming 4n2t0 is asking about 2025 T5's even though they have said 2026 in the post. So for 2025 there will be T5's from CWB for the period before migration and one from National after migration assuming there is more than $50.00 of interest earned in each period.
Yes, in 2026, CWB will not exist for T5's.

Canadian Western Bank has been gone for almost a year now. It and National Bank of Canada amalgamated in March 2025.

It turns out that Canadian corporate amalgamations are a bit different than US corporate mergers. McMillan lawyer Caroline Samara explains in Spot the Difference: Mergers and Amalgamations in Corporate Transactions:

Under Canadian law, the amalgamating corporations continue as one corporation that shares each pre-amalgamating entity’s rights and liabilities. Neither predecessor is dissolved – each survives in the resulting entity. The Supreme Court of Canada has analogized the legal concept of amalgamation to “a river formed by the confluence of two streams, or the creation of a single rope through the intertwining of strands”[1], effectively maintaining their shared history while taking on a new form.

In contrast, in the U.S., corporate mergers have the effect of one corporation surviving and the other(s) ceasing to exist as legal entities. The surviving corporation absorbs the liabilities and assets of the other non-surviving entities. Consolidations are also available in the U.S. as illustrated by the corporate statute in Delaware; although similar to Canadian amalgamations, a key distinction is that the resulting corporation is considered a “new corporation” under Delaware law. In neither case does the resulting corporation retain the histories of all its predecessors. …

Got my NB T5 on Friday. Does not include Motive interest.

Dean said
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BBBut Elad ⬆️ ... how can an FI that Ceased To Exist back in Nov. of last year (2025), issue T5s (or do anything else) in 2026⁉️

CWB has been 'Nyet' for ~3 three months now. The new owners (NBoC) will have to do the issuing of any T5s that are related to the now defunct CWB.

Or is the Ghost of the now-dead CWB still around?
Dean  

My Motus interest income is reflected on my Coast Capital T5 for 2025.

Warwick111 said

I just received my T5 slips from CWB for my Motive accounts that were migrated to NBC.
 

By snail mail ?

Thanks, I will check my mail tomorrow. In Ontario today is a holiday, so I doubt that any mail was delivered.

rk said
Thanks, I will check my mail tomorrow. In Ontario today is a holiday, so I doubt that any mail was delivered.  

There was mail delivery on Family Day by Canada Post.
Family Day is an Ontario provincial statutory holiday.
Canada Post is under federal legislation.

Motive T5 mailed and received few days ago -- Canadian Western Bank

However,

T5 shows up in My CRA but it's under BANQUE NATIONALE DU CANADA

Question is when we file our tax, do we use Canadian Western or BANQUE NATIONALE DU CANADA?