T5 non financial information 2024

Hello everyone,
I would like to ask anyone who are working on issue T5 for the business yet?
As this year, when I filed T5, it asked the personal direct deposit and business direct deposit in order to be filled and submited.
I asked my clients provide it and some don’t want to provide it.
Please let’s me know if you also got the same issue.
Thanks in advance

Never seen that before. Are you sure that’s not a phishing site?

I did file T5’s today and they actually request this information. Never seen this in previous years but it is there now. They also ask for the bank transit number of the transmitter. You can bypass all these fields by entering zeros. If it doesn’t work with one zero, keep adding zeros until it accepts the entry. That’s what I did and the slips were verified without errors.

I have also experienced this.

Dharma

No amount of zeros helped me bypass it :frowning: Just tried it…

I filed a couple of T5s last week - using TaxCycle - and it did not require banking info. I just tried Web Forms and confirmed it is as you say. Why would CRA think that’s acceptable? Nobody filing a T5 is going to give their banking info - it’s irrelevant to the filing process.
:flushed: :thinking: :face_with_monocle: :crazy_face:

LOL – pick a random bank and transit number and add a qualifying bank account number (you can “derive” them) and use the same number for everyone.

Seriously, there is NO WAY anyone is providing this. Well, at least not anyone sensible.

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Suppose your random choices actually matched up with a real person. Imagine the poor bugger waking up one morning to find out CRA had cleaned him out overnight.
Seriously, what ticks me off is the level of detail required in schedule 15 of the T3 returns. Everything is there to commit identity theft. I have a couple of new family trusts this year, and the lawyer acted as settlor for both. She gave me her info, except for her SIN. She says the fact that I asked for it and was refused is evidence enough that I made the effort.

For box 28, I entered 000, and for box 29, I entered 00000000. Both worked fine. When the T5s are generated, box 28 and box 29 appear at the bottom of the slip.

(Odd) story in a related vein: some decades back, people figured out how to fake SINs using the Mod10 calculation…and there followed MANY people who had income reported for them in locations they never worked at. I’m assuming that most of those were either people working illegally or faked returns being filed. Caused an awful lot of hassle for those affected, for sure. Probably still occurs for all I know.