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T5 Client Letters

We send cover letters/emails to our clients when we issue T5s. Most of our clients have only family member shareholders, but some have non family member shareholders as well. This letter adjusts for that, and for if we prepare their personal tax returns in house or not, if you add a couple of Custom Fields to the T5 module.

{{# CurrentClient}}{{# Info.Filing }}
{{ format(SigningDate, “January 2, 2003”) }} {{/ Info.Filing }}

{{CurrentClient.Info.IssuerAddress.Name}}
{{CurrentClient.Info.IssuerAddress.CareOf}}
{{CurrentClient.Info.IssuerAddress.AddressLine1}}
{{CurrentClient.Info.IssuerAddress.City}}, {{CurrentClient.Info.IssuerAddress.Province}} {{CurrentClient.Info.IssuerAddress.PostalCode}}
Dear {{CurrentClient.Info.SigningAddress.FirstName}},
T5 Investment income return
Forms T5 Summary and T5 Supplementary must be filed with the Canada Revenue Agency no later than February 28, {{CurrentClient.Info.Filing.TaxYear+1}} in respect to these dividends. This income must be shown in the year {{CurrentClient.Info.Filing.TaxYear}} personal income tax returns of the shareholders.
We have filed the T5 summary and supplementary returns with the Canada Revenue Agency on your behalf. A copy of these returns is attached for your corporate records. If the amounts shown on this return are found to be incorrect in the preparation of your corporate and personal returns we may need to amend this filing.
{{#isno(customfield(“T1inhouse”))}}Your personal copies are also attached. You need to include them with your personal tax return when you file.{{/isno(customfield(“T1inhouse”))}}
{{#isyes(customfield(“T1inhouse”))}}I have kept your personal copies on file in my office for use in filing your personal tax return. {{/isyes(customfield(“T1inhouse”))}}
{{#isyes(customfield(“NonActiveSH”))}}The other shareholder’s T5s are attached. You must distribute them before February 28.{{/isyes(customfield(“NonActiveSH”))}}