T5 - Investment Interest Question for Taxes

[purelife]

This is worth a shot...

  Does anyone know if children's investment income (T5) is reported on the primary parent's income tax?  Each T5 shows the child's name.  

  My guess to this question is a yes.  Am I correct?

[Lil Me]

I'm thinking not.
 If the investment is in the child's name, it's taxable to the child.  And unless your kid's income is sizable, you don't bother filing.  So throw it out!!!
   

[purelife]

Oh, that's interesting.  So, if they're not in my name, then I could just throw them away.  I wasn't sure.  

  The numbers are nominal.  It's about $700 combined but it sure knocks off a few hundred dollars off the refund amount!  

[Lise]

Dunno but have you consider asking Orca?