Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
B
Bellacat
April 28, 2025
Question

I have income (T4 and T5s), my spouse does not have any. Should I claim all income in my T5s, or should I allocate a percentage to my spouse?

  • April 28, 2025
  • 2 replies
  • 0 views
No text available

    2 replies

    lakshinis
    lakshinis
    April 30, 2025

    You must claim all income from your T5s on your tax return if your Social Insurance Number (SIN) appears on the slip. Generally, income is allocated to the spouse who earned the money used to purchase the investments or whose name is on the investment accounts.

    M
    mohdpk
    April 30, 2025

    you can allocate ONLY IF slip is issued to both of you, joint account and you are doing joint return 

    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification