T5 interest received: accrued or cash basis?

On a T5 statement of investment income, in box 13 'interest from Canadian sources', is the amount showing calculated on an accrual basis or a cash basis? For example, if a company invested in GIC that matures next year, should the T5 for this year show an amount in box 13 greater than 0?

Depends.

Usually cash basis only.

If the investment is something called an "investment contract" which basically would be an interest paying bond etc that pays interest at least annually. If you invest in an investment contract, then the T5 would include accrued interest up to a date called the "anniversary date" (basically one year from the date the investment contract was issued.

it is on accrual basis always.

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