请教挺傻about interest

[walnutmm]

interest of Term Deposit 交多少税阿, does my bank send the T4 slip to both me and Canada Revenue Agency at the same time ? or just send it to me and I report the interest as part of my income?
Thanks a lot

 

[挺傻]

利息部分是按照你的MARGINAL TAX RATE上税的。也就是利息数额直接乘以你的适用税率。算做investment income,是没有RRSP CONTRIBUTION额度的。
银行会给你邮寄T4，CRA若要查询，啥都是可以查到的。如果你的利息在50元下，银行可能会不给你寄，那你就可以不用报税。但是寄了，还是要报的。

 

[walnutmm]

Thanks a lot. I really appciate your help.
One more question:
I am international student, and I will finish my study in July this year and go back China. I was wondering what should I do with the T4 slip from my bank. Since I won`t do my tax return anymore in the future, and I change my bank account address to a friend of mine.
I believe my friend will receive my T4 slip and my interest will be around 200CAD, can I do nothind about it? Is that ok and legal?