T5008 - Statement of securities transactions
We have modified the T5008 slip information entry to
make it more compliant when downloading data.
In addition, it should be noted that the document that
your broker sends you is a summary of the original T5008 slip.
Also, this document gives information about all your transactions
while the T5008 slip is for one transaction. You must pay close
attention or ask your financial advisor for more information.
It should be noted that you can only report one
transaction based on the "Type code of securities".
To enter your gains (or losses), please follow these
steps:
1. On the "Left-side menu on the Interview
tab", select the heading "Interest, investment income and
carrying charges".
2. On the right-hand page, click on the
plus sign icon "+" located to the right
of the line "T5008 - Statement of securities
transactions".
3. On the page titled "T5008 - Statement of
securities transactions" you need to enter more information
depending on the type of transactions you have made.
4. On the line "Recipient type", you must
choose from the drop-down menu the option that suits you.
5. If you made the transaction in foreign currency, in
the "Foreign currency" lines in the drop-down menu, choose
the currency type. Usually on the T5008 slip, the amount is in
Canadian dollars, but it may be in foreign currency if the
transaction is in foreign currency.
6. On the "Date of settlement (dd-mm-yyyy)"
line, you must enter the date by indicating the day, the month and
the year when you received the settlement of the security.
7. On the line "Type code of securities" in the
drop-down menu, you must choose the appropriate transaction
type.
8. On the line "Cost or book value", enter the
value at the time of acquisition of the property.
9. On the line "Proceeds of disposition or
settlement amount", enter the value received at the sale of the
property.
10. On the line "Outlays and expenses related to
the transaction", enter the amount paid to your advisor.
It is very important to make the appropriate choice.
If your T5008 slip reports both types of income, investments and
capital gains, you will need to enter two T5008 slips, one for
the investment and the other for the capital gain, and divide the
amount in two according to the transactions you have made.
We recommend that you read the guide published by the
CRA carefully.
Interest on bonds will be reported on line 12100
and capital gains on line 12700 of the federal return and
Schedule 3 will be generated.
For Quebec residents, interest will be carried
forward on line 130 and capital gains on line 139 of the Quebec
return and Schedule G will be generated.
For more information, please consult guides T4091 and
T4037 at the following links:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-121-interest-other-investment-income/line-121-treasury-bills.html
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4091.html
http://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4037.html
ID: 20191202151028DE.xml
Webpage: KPA390-20191202151028DE.htm
