When Does CIBC Send Out T5: A Comprehensive Guide

As a Canadian Imperial Bank of Commerce (CIBC) client, you may be awaiting eagerly to receive your T5 tax slip. This document, also known as the Statement of Investment Income, is an essential part of your annual filing for the Canada Revenue Agency (CRA). But, the golden question is - when does CIBC send out T5? This comprehensive guide will help you understand how and when to obtain this vital document, whether you prefer online banking, using a mobile application, or simply reaching out to customer service.

Receiving T5 via CIBC Online Banking

Accessing your T5 through CIBC Online Banking is a straightforward and efficient process. This facility is available 24/7, providing access as soon as your tax slips are ready for viewing. Typically, T5 slips are made available online by the end of February every year, in line with the requirements set by the CRA.

Obtaining T5 Through the CIBC Mobile App

If you seek a more modern and portable solution, you can use the CIBC Mobile Banking App. Like the online method, you can access your T5 tax slip usually by late February, if not earlier. This digital method offers flexibility, giving you access to vital tax documents on the go.

Contacting CIBC Customer Service for T5

If you are not familiar with online banking or mobile apps, you can always reach out to the CIBC Customer Service. Although the team is available to answer your queries, please note that T5 slips are usually ready for dispatch by the end of February, aligning with the CRA's guidelines. Understandably, it might be preferable for some to talk to a representative who can assist you directly.

Conclusion

Preparing for tax season can be stressful, but obtaining your T5 slip from CIBC doesn't have to be. Whether you choose to use online banking, the mobile app, or simply call the customer service line, the process is designed to be user-friendly and efficient. Remember that these slips are typically available at the end of February, giving you ample time to get organized for tax season.