T5008 slip is not used directly in a tax return. you need to add form Schedule 3 in your tax return and enter each stock/mutual fund transaction into an entry of field 131/132. Each T5008 will become one entry of transaction for field 131/132.
Do I need to report T5008 for TFSA?
If you disposed of a security for a taxable gain/loss you should report this on your return. If this T5008 is for a disposition in a registered account (like an RRSP or TFSA) you do not need to report it.
What is a T5008 trading summary?
T5008 slip image. This information slip reports the amount paid or credited to you for securities you disposed of or redeemed during the year. These transactions may be on account of income or capital. For more information, see Interpretation Bulletin IT-479, Transactions in Securities.
What is a T5008 tax slip?
T5008 slip image. This information slip reports the amount paid or credited to you for securities you disposed of or redeemed during the year. These transactions may be on account of income or capital.
What does a T5008 show?
T5008 Statement of Securities Transactions – slip information for individuals. This information slip reports the amount paid or credited to you for securities you disposed of or redeemed during the year. These transactions may be on account of income or capital.
What is the difference between a T3 and a T5008?
The T3 slip shows capital gains at the fund level based on your fund manager buying and selling. The T5008 or December 31st account statement shows capital gains based on YOUR buys and sells. (usually only received when you sell or cash out). And you should be reporting both when filing your income taxes.
What is a T5008 tax receipt?
T5008 Statement of Securities Transactions – slip information for individuals. You can report transactions on account of income as either business income (line 13500 of your income tax return) or, for debt obligations in bearer form, as investment income (line 12100 of your income tax return).
