I have battled this issue for a few years now and I still don't know how I claim this amount.
Both of my sons (both under 10 years old) have trust funds (in a GIC) that they have gained interest on for the last three years. We receive two T5's "Statement of Investment Income" that tells us in box 13 "Interest from Canadian Sources" an amount, in trust for our boys. I have called the CRA about it and one agent says that my wife and I have to claim these T5's on our returns, yet another agent claims that my sons claim the amount.
Do I state in uFile that my boys have income to declare and then list the T5 in their returns?? Does this make sense what I'm asking?
It makes no sense that my wife and I claim income for our boys that we have not received any $$ from as yet (and we will never get, our boys will)... in the end our boys will get the money from their trust funds and my wife and I will have to pay the tax on their interest each tax year?? huh?