Skip to content
English
  • There are no suggestions because the search field is empty.

T5007 – Social Assistance & Workers Compensation

Learn how the T5007 reports government assistance and how Optimize helps you factor it into your tax and financial plan

The T5007 Statement of Benefits is a form issued by the government or certain agencies to report income received from workers' compensation, social assistance, or disability payments. Even though this income may be non-taxable, it still needs to be reported on your tax return. That can cause confusion, especially when it shows up alongside employment or investment income.

At Optimize, we use your T5007 slip to ensure your tax return reflects all income properly and to help you understand how these benefits fit into your financial picture. Knowing what this form includes, and how it affects other parts of your return, can help you avoid errors and better coordinate your income planning.

The Foundation of T5007 Income Reporting

You will receive a T5007 slip if you received any of the following during the tax year:

  • Workers' compensation benefits from a provincial board

  • Social assistance payments

  • Disability payments from a public program

The T5007 reports the total benefit amount received, along with the name of the issuing agency. It is required to be entered on your tax return, even though some or all of the benefit may be non-taxable. CRA uses this information to calculate eligibility for income-tested credits and benefits.

Why the T5007 Matters in Your Financial Plan

It is easy to overlook the impact of non-taxable benefits on your broader tax situation. Even when you do not pay tax on this income, the CRA still includes it when calculating things like:

  • GST or HST credit eligibility

  • Canada Child Benefit amounts

  • Age amount or other non-refundable tax credits

  • Social benefit repayment thresholds

This matters when you are:

  • Receiving support during a health recovery or injury

  • Supporting a family member who receives social assistance

  • Navigating a lower-income year and want to ensure benefits are not disrupted

  • Planning future income and want to understand how non-taxable amounts affect credit entitlements

Learn how to read a T5007 form to better understand the details and terminology used throughout your return.

Tip: T5007 slips must be included in your return even if the amount is non-taxable. Leaving them out can result in reassessments or delays in receiving government benefits.

Learn how to read a T5007

Understanding your T5007 is about more than just filing another slip. It shows how income from workers’ compensation, social assistance, or similar programs affects your taxable income and eligibility for credits or benefits. Proper reporting helps you avoid reassessments or missed entitlements.

At Optimize, we make sure all income sources, including benefits, are factored into your plan. This article explains the T5007 so you can report it accurately and stay on track.

Identification and Basic Information

This section identifies who issued the benefit and who received it, so CRA can match it to your file.

Payer’s name and address
Shows the provincial or other government agency that issued the benefit.

Recipient’s name and address
Matches the benefit to you personally. This slip must be reported, even if the income is not taxable.

Tax year
Indicates the year in which the benefits were paid. You must report them on your return for the same calendar year.

Payer account number
The CRA identifier for the issuing agency. Included for audit and administrative purposes.

Reported Income

This section lists the amount of support or compensation you received during the year. Even if not taxable, this income must be included in your return to ensure correct calculation of federal and provincial credits.

  • Box 10 – Workers’ compensation benefits or social assistance payments
    Total amount you received from a workers’ compensation board, provincial social assistance, or similar program. This is reported on Line 14400 (workers' comp) or Line 14500 (social assistance) of your T1.

Important: These amounts are usually not taxable, but CRA requires them to be reported to calculate certain benefits, such as the GST/HST credit or Canada Child Benefit. Failing to include your T5007 can delay your return or result in reduced support.

Who Must Report the Slip

In some cases, the T5007 is issued in connection with joint family assistance — and only one spouse should include the income.

  • Primary caregiver or lower income spouse
    If the benefit was issued to a household (e.g., social assistance for a family), CRA expects the lower-income spouse to report it on their return.

Tip: CRA uses T5007 income to test eligibility for income-based credits. Even if the benefit itself is not taxed, reporting it correctly ensures you receive the full value of other government supports.