Why is the interest earned on my Earnings Statement different from the interest earned on my T5 Slip?

It is possible that the interest earned on your Earnings Statement is different from the interest earned on your T5 Slip.  This is because loans originated before October 2016 were originated under a different structure than the loans originated after October 2016. Your T5 Slip will reflect your net interest earned (interest earned – fees paid) in the previous tax year from all loans originated after October 2016, while the Earnings Statement will provide a detailed breakdown of your earnings and fees for the previous tax year of all loans including loans originated before February 2016.