Asked
Filling out my taxes and now on to T5. This is a Type 2 claim (combined account with spouse). The T5 is under my husband's sin number, so I am claiming it under his name. Can I split it 50% (Enter percentage of slip to claim on your spouse's tax return (if applicable)) or is that already taken into account when putting the recipient type in?
Clint’s answer
Great question!
Technically the income on this should be split at the prorated amount each of you have invested.
For example if you deposited $25,000 and your husband deposited $75,000, and the investment made $1,000, you would claim $250 and your husband would claim $750 if you're going by the book.
March 3, 2025
From Ask Clint: real questions from a Canadian public finance forum, answered by Clint Cole. Names are changed. This is general information, not advice for your situation, and rules and dollar figures may have changed since Clint answered. Terms