Canon 700D (Rebel T5i) videos are saved in 1080p30 .mov with H.264 as video codec and stereo sound with internal or external mics. But this MOV video format came from EOS 650D is a FULL HD format that is highly compressed, its mov formats can not easily and directly import and edit on Mac with Final Cut Pro, etc . You can use the EOS Movie Plugin-E1 for Final Cut Pro. If you haven’t heard about the EOS Movie Plugin-E1 for Final Cut Pro it adds an option to the FCP Log and Transfer tool to import Canon T5i, 5D Mark III, 650D .etc H.264 QuickTime files and transcode to any of the ProRes flavors (or Apple Intermediate Codec) in the process. A timecode is assigned to the footage based on the time stamp set in your camera and a reel names is also assigned. There’s also an option to archive the footage when loading directly off a CF card. There’s a very detailed webpage about the EOS Movie Plugin-E1 for Final Cut Pro available here. To download the installer follow this link and then select Mac OS X from the Drivers / Software Selection pop-up:

Log and Transfer was still able to load the footage and assigned a reel name based on the top directory. This is nice as it can greatly help with organization on a large (or small since you should always be organized) shoot. What you apparently can’t do is remove the .THM thumb files from the folder that contains the movies and still images as then Log and Transfer won’t be able to load the Quicktimes:

So if you want to edit Canon EOS Reble T5i/700D MOV video with high quality on Mac OS X, you have to consider transferring Canon EOS video to FCP compatible file types before importing, such as Apple ProRes 4444, Apple ProRes 422 (HQ), Apple ProRes 422, Apple ProRes 422 (LT), and Apple ProRes 422 (Proxy).

Well, here is the step-by-step guide for you to convert Canon EOS Rebel T5i MOV to Apple ProRes MOV videos in Final Cut Pro 5, FCP 6, FCP 7 and FCP X with highest quality, taking iMac with Mac Lion as an example.
  

Step 1. Download and install Mac Canon EOS Video Converter, and run it.

Step 2. Click the Add button to import the videos for conversion., and you may drag and drop the files from Finder to the application UI.

Step 3. For editing in FCP, click the Format icon to choose Final Cut Pro > Apple ProRes 422 (*.mov) as output format.

Step 4. Start Convert Canon Rebel T5i 700D footage to FCP compatible format.

After the conversion, you can import and edit ProRes 422 HQ movies in Final Cut Pro like other uncompressed video or lossless codec. If you would like to edit Canon EOS 650D, 7D, 5D Mark II, 5D Mark III, 1D Mark IV, 60D, 600D, 550D videos in iMovie 8/9 and iMovie 11, FCE 4, go to the QuickTime Movie Format group in step 3 to choose AIC codec. You can also set 1080p output video size.