About investment income...?

I made $19.88 in interest payments from my savings account last year. Will I be issued a T5? If not, what's the minimum to make before you are issued a T5 & what % of that is taxed?

The interest income is added to your income as interest income and 100% of it will be subject to tax at your marginal tax rate.

So if you made $1000 in employment income, your total income for tax purposes would be $1019.88.

As to the T5, a lot of financial institutions have a threshold for sending out a T5. I know ING direct won't send one unless you've had $50 in interest income. You can ask your bank for one, or alternately print the screen showing your interest income and add it to your return.

No, you won't be issued a T5, but you still have to report the income.

http://www.cra-arc.gc.ca/tax/individuals...

Banks have to issue T5's for all amounts over $100. However, many banks issue the T-5's-no matter what he amount. 100% of the interest is taxed-how much tax you will end up paying depends on your income. If you make less than $8,000 you will pay no tax. If you make between $8,000 and $25,000 you will pay about $4.00 (20%). If you make over $25,000 you will pay about $7.50 (35%).

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