diff --git a/config/default/kustomization.yaml b/config/default/kustomization.yaml
index 59a462662..774de8a18 100644
--- a/config/default/kustomization.yaml
+++ b/config/default/kustomization.yaml
@@ -2,8 +2,8 @@ apiVersion: kustomize.config.k8s.io/v1beta1
 kind: Kustomization
 namespace: helm-system
 resources:
-- https://github.com/fluxcd/source-controller/releases/download/v1.0.0-rc.4/source-controller.crds.yaml
-- https://github.com/fluxcd/source-controller/releases/download/v1.0.0-rc.4/source-controller.deployment.yaml
+- https://github.com/fluxcd/source-controller/releases/download/v1.0.0-rc.5/source-controller.crds.yaml
+- https://github.com/fluxcd/source-controller/releases/download/v1.0.0-rc.5/source-controller.deployment.yaml
 - ../crd
 - ../rbac
 - ../manager
diff --git a/go.mod b/go.mod
index 3e5b1f615..15b965cd1 100644
--- a/go.mod
+++ b/go.mod
@@ -12,7 +12,7 @@ require (
 	github.com/fluxcd/pkg/apis/meta v1.1.0
 	github.com/fluxcd/pkg/runtime v0.38.1
 	github.com/fluxcd/pkg/ssa v0.28.1
-	github.com/fluxcd/source-controller/api v1.0.0-rc.4
+	github.com/fluxcd/source-controller/api v1.0.0-rc.5
 	github.com/go-logr/logr v1.2.4
 	github.com/google/go-cmp v0.5.9
 	github.com/hashicorp/go-retryablehttp v0.7.2
diff --git a/go.sum b/go.sum
index 3a83fa001..8646e9aad 100644
--- a/go.sum
+++ b/go.sum
@@ -176,8 +176,8 @@ github.com/fluxcd/pkg/runtime v0.38.1 h1:deY7LP2e1UfHXmxNFFzY6MAbqdLWlRgvK9f/PIX
 github.com/fluxcd/pkg/runtime v0.38.1/go.mod h1:x7bNbCDuvErmqD3gPNgGDI/ovjHBwvNPiwmAJuIMqNM=
 github.com/fluxcd/pkg/ssa v0.28.1 h1:h5r5irAgDjgkmIqagOLOa/U7/Rx2fT2NKIb+vDTYOMg=
 github.com/fluxcd/pkg/ssa v0.28.1/go.mod h1:o55eBzWz7P/tqnCn5c622RZvjTP/GqvitqZUbsMIRwk=
-github.com/fluxcd/source-controller/api v1.0.0-rc.4 h1:fLfxQF7c5sMlmMFNCkgRKSfeRTETgeaf+DRmHs7NfV4=
-github.com/fluxcd/source-controller/api v1.0.0-rc.4/go.mod h1:W6tNXr3mRPhdc5+Jke9OZnuk/3THNzGzRJVhAtLfzss=
+github.com/fluxcd/source-controller/api v1.0.0-rc.5 h1:muoGOb/VitVEIOh877Ledi9AvibbyevPqvuH5byWU6g=
+github.com/fluxcd/source-controller/api v1.0.0-rc.5/go.mod h1:W6tNXr3mRPhdc5+Jke9OZnuk/3THNzGzRJVhAtLfzss=
 github.com/foxcpp/go-mockdns v1.0.0 h1:7jBqxd3WDWwi/6WhDvacvH1XsN3rOLXyHM1uhvIx6FI=
 github.com/frankban/quicktest v1.14.3 h1:FJKSZTDHjyhriyC81FLQ0LY93eSai0ZyR/ZIkd3ZUKE=
 github.com/frankban/quicktest v1.14.3/go.mod h1:mgiwOwqx65TmIk1wJ6Q7wvnVMocbUorkibMOrVTHZps=