T5 tax question - T5 received but no monies paid out?

Question

I received a T5 from a company I worked for a year ago, the problem is I never received any monies from the company in that amount. Since this was sent to my home after the end of February I have to assume they submitted their paperwork to the government.
What do I do in this case? Am I able to now ask the company for the monies, do I claim the amount I wasn't paid for? Will I be at fault with the government if I do or don't claim this T5?
Any help is greatly appreciated.

Answer 1

You should speak to the company's payroll department to find out why they issued you a T5 slip. T5 slips are to report dividends or interest paid. As an employee you would not normally receive either of these unless you owned shares in the corporation or lent money to them.



If it was indeed a mistake, then you should ask the employer to cancel the T5. If they won't do this then you should call Canada Revenue at 1-800-959-8281 and ask them for advice on how to proceed.

Answer 2

i've got faith which you ought to document on something you earn from factors interior Canada. in case you legally stay exterior the country for longer than 2 years, then you definitely do no longer ought to declare your distant places income. yet once you come decrease back and declare residency till now the two-twelve months mark, you ought to declare what you earned jointly as out of the country. yet i'm no longer one hundred% constructive, that grow to be only my journey as quickly as I lived away for 5 years. Canada ought to no longer touch my income, yet I had to pay tax on the investments I had in Canada. as quickly as I decrease back, I only had my accountant document for me. EDIT--- Sorry, definitely everyone, yet once you declare place of residing exterior Canada for 2 years, you do no longer pay tax on what you have earned out of the country as distant places income. You DO ought to pay on any holdings in Canada, like genuine sources or investments. and you do no longer ought to make an entire 'sparkling wreck'- what you ought to do to fulfill the standards is to no longer have Canadian scientific insurance, an insured motor vehicle, a criminal place of residing (yet you could very own genuine sources it is helpful to pay taxes on, as long as you do no longer declare to stay there), etc etc. you could save your Canadian financial business enterprise debts; I lived interior the Cayman Islands for 5 years, saved all my RBC debts lively which contain my RRSPs, and have an accountant in Vancouver who does my taxes. (you're no longer allowed to take a place in RRSPs as a non-resident, yet you could save those you have) you could very own a corporation in Canada and stay out of the country, as long as you're paying taxes on your CANADIAN income. yet as quickly as you have exceeded the two-twelve months non-residency requirement, you're able to make ten million money exterior the country and sales Canada won't be able to touch it.