How to calculate investment income for non-calendar year-end for T2
A client has an investment portfolio in a corporation that has a non-calendar year-end. The problem is the T3s and T5s issued by the broker reflect the calendar year. The broker will not issue non-calendar year-end T slips. Also the broker can produce dividend statements for the period required, but found most of the investment income was incorrectly listed as dividends, even though some was interest, capital gains distribution, and return of capital. Short of manually calculating the tax character of each dividend, is there an easier fix? My tendency would be to simply input the last T3 and T5 as I know it will all come out in the wash; is this wrong?