T5003: Statement of Tax Shelter Information

If you invested in a tax shelter in 2018, you’ll receive either a:

According to the Canada Revenue Agency (CRA), a tax shelter is loosely defined as a gifting arrangement or the acquisition of property to obtain favourable tax benefits. This means, you're able to minimize your taxes under a tax shelter. Gifting arrangements where the donor has a limited recourse debt is also considered to be a tax shelter. The tax benefits and deductions resulting from a tax shelter arrangement should equal or exceed the cost of the gift or the property.

Note: If you want to claim a tax shelter loss or deduction, you’ll need to complete the T5004 page in H&R Block’s tax software.

Where do I enter this?

Follow these steps in H&R Block’s 2018 tax software:

  1. On the QUICK ENTRY tab, click the QUICK SLIP icon. You'll find yourself here:


  2. Type T5003: Statement of tax shelter information in the search field and either click the highlighted selection or press Enter to continue.

  3. When you arrive at the T5003 page, enter your information into the tax software.