# T5 received after dissolution

**URL:** <https://www.protaxcommunity.com/t/t5-received-after-dissolution/10194>\
**Category:** Tax Topics\
**Created:** [March 5, 2025, 7:46pm UTC](https://www.protaxcommunity.com/t/t5-received-after-dissolution/10194 "2025-03-05T19:46:18Z")\
**Posts on this page:** 5\
**Page:** 1

<div class="post-metadata">

**Author:** ![milo](https://avatars.discourse-cdn.com/v4/letter/m/85e7bf/32.png) [@milo](https://www.protaxcommunity.com/u/milo)\
**Post date:** [March 5, 2025, 7:46pm UTC](https://www.protaxcommunity.com/t/t5-received-after-dissolution/10194/1 "2025-03-05T19:46:18Z")

</div>

Hi everyone, I have a question - the client dissolved the company in Oct and has an Oct year end, the final T2 return was filed up to dissolution date. After the final filing and CRA issued NERDTOH refund, and now the client received a T5 (interest income) issued to the corporation. Would this interest income be seen as shareholder income since the company no longer exists? Or do we need to refile T2 even though everything is closed? Thank you for your time!

---

<div class="post-metadata">

**Author:** ![iain.fyffe](https://avatars.discourse-cdn.com/v4/letter/i/e5b9ba/32.png) [@iain.fyffe](https://www.protaxcommunity.com/u/iain.fyffe)\
**Post date:** [March 5, 2025, 8:06pm UTC](https://www.protaxcommunity.com/t/t5-received-after-dissolution/10194/2 "2025-03-05T20:06:51Z")

</div>

I would say it depends on when the income was earned. Was it interest earned on a property that was distributed to the shareholder? Or was it interest earned on the property before it was liquidated by the corporation or distributed by it? If the latter then it would seem an amended T2 should be filed. Also be sure to double-check that the interest income represented by this T5 wasn’t already reported by the corporation.

---

<div class="post-metadata">

**Author:** ![neal](https://avatars.discourse-cdn.com/v4/letter/n/49beb7/32.png) [@neal](https://www.protaxcommunity.com/u/neal)\
**Post date:** [March 5, 2025, 8:15pm UTC](https://www.protaxcommunity.com/t/t5-received-after-dissolution/10194/3 "2025-03-05T20:15:59Z")

</div>

I have one of those. The interest was earned and received before dissolution and reported in the final return. No action needed.

---

<div class="post-metadata">

**Author:** ![milo](https://avatars.discourse-cdn.com/v4/letter/m/85e7bf/32.png) [@milo](https://www.protaxcommunity.com/u/milo)\
**Post date:** [March 5, 2025, 10:33pm UTC](https://www.protaxcommunity.com/t/t5-received-after-dissolution/10194/4 "2025-03-05T22:33:59Z")

</div>

Thank you. Part of the interest was reported on final T2, the remaining was earned after dissolution date.

---

<div class="post-metadata">

**Author:** ![neal](https://avatars.discourse-cdn.com/v4/letter/n/49beb7/32.png) [@neal](https://www.protaxcommunity.com/u/neal)\
**Post date:** [March 5, 2025, 10:45pm UTC](https://www.protaxcommunity.com/t/t5-received-after-dissolution/10194/5 "2025-03-05T22:45:46Z")

</div>

So the corp held property after dissolution?