 鲜花( 61)  鸡蛋( 0)
|
We don't have an input for a T5008 slip because this type of slip can represent several different things. Here are some guidelines for how most people should report these amounts.
1 ]7 r+ A; F. R! k2 v p. `9 q) M
For most SimpleTax users, a T5008 slip will represent "investment income" (e.g., a T-bill, mutual fund units, or shares). In some circumstances, a T5008 slip may represent business income. If you aren't sure, you should check with the CRA.% Q5 M8 y% r; X. g H( N
If the slip was for shares, mutual fund units, or something similar, report the gain or loss in the Capital Gains section.
! }6 [; ]' S8 P& v* S- O Select "Publicly traded shares, mutual fund units, deferral of eligible small business corporations shares, and other shares" from the drop-down menu.
# o4 `) e/ ^# o% o, {2 D( f Use the information from the slip to complete the description field./ ?9 y! D) U- { Z0 O8 _
Enter the amount in Box 21 as your proceeds of disposition.; @4 K$ s4 j; d4 r1 b
Box 20 shows your adjusted cost base (ACB); however, there are several factors that impact your ACB, and frequently the issuer of the slip won't know your actual ACB and you may need to calculate it. Learn more.8 A% e/ z3 {& `: B9 y" y5 }" F
If you earned interest income on the security, (e.g., the slip is for a T-bill), and you had a gain on the disposition of the security (i.e., box 21 is higher than box 20), you should report the difference as bond interest on line 121 in the Investment Income & Expenses section.1 R" q/ i$ x! @/ b: Q
If you earned interest income, but the disposition resulted in a loss, you should report it in the Capital Gains section using the instructions above.
! k2 f) g$ `/ a0 ?( B1 d |
|