2020 T5 Information
Your 2020 T5s – What Members need to know.
Some Creative Arts Financial members may receive two T5s to submit with their tax returns this year as a result of the October 31, 2020 legal closing date of our merger and with FirstOntario Credit Union. Each of the T5s will be sent to members in separate, individual mailings.
Here’s what Creative Arts Financial members can expect:
- Members who earned $50 or more in interest income pre-merger (between January 1, 2020 and October 31, 2020) can expect to receive a T5 from Creative Arts Savings & Credit Union. This T5 will show the reporting year of January 1 to December 31, 2020.
- Members who earned $10 or more in interest income post-merger (between November 1, 2020 and December 31, 2020) can expect to receive a second T5 for 2020. This T5 will be from FirstOntario Credit Union and will also show the reporting period of January 1 to December 31, 2020.
If you should have any questions about your 2020 T5s, please feel free to contact us.
Reminder - Investment shares, RRSPs and RRIFs
CASCU Investment Shares and members’ RRSPs and RRIFs were transferred to FirstOntario Credit Union as of October 31, 2020, the legal closing date of our merger.
To request a year-end 2020 copy of your statements for Investment Shares, RRSPs and RRIFs, or to get answers to your questions about contributions, redemptions or transfers, please call our Member Service Centre at 1-866-800-ARTS (2787).