CRA Form T5007, Statement of Benefits

About CRA Form T5007, Statement of Benefits

The T5007, Statement of Benefits, is a CRA slip that reports workers' compensation benefits and social assistance payments paid to you during the year. A workers' compensation board or a provincial or territorial social services office issues it and reports the amounts to the CRA.

You use the T5007 when you file your T1 return. The amounts are generally included in your income and then deducted, which can affect certain credits and benefits even when little or no tax is owed. This page is a free fillable helper and a general guide, not tax advice. Always download and file the current official form from the CRA and use the slip issued to you.

Who needs to complete it

• People who received workers' compensation benefits during the year.
• People who received social assistance payments from a provincial or territorial office.
• Recipients reporting these benefits on a T1 income tax return.
• Payers such as compensation boards or social services offices issuing the slip.

How to fill out CRA Form T5007, Statement of Benefits

1. 1Confirm the payer name and address, such as the compensation board or social services office, at the top.
2. 2Check that your name and address as the recipient are correct on the slip.
3. 3Enter or verify your social insurance number in the box provided.
4. 4Confirm the tax year the slip covers.
5. 5Review the workers' compensation benefits amount shown in the box printed on the form.
6. 6Review the social assistance payments or supplement amount shown in its box.
7. 7Copy each amount to the matching line of your T1 return as the guide directs.
8. 8Keep the slip with your records rather than mailing it to the CRA on its own.