 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. z, S q" B: r
0 ?9 U1 b6 ?9 H 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.
8 y! H9 u8 ]5 W" j+ n! ?! `8 M If the slip was for shares, mutual fund units, or something similar, report the gain or loss in the Capital Gains section.7 }0 `# @( A7 G( G; k8 S
Select "Publicly traded shares, mutual fund units, deferral of eligible small business corporations shares, and other shares" from the drop-down menu.0 J0 e- }7 o* ] O: U: V1 H( Y
Use the information from the slip to complete the description field.+ b+ U; t' \( u! t I* l
Enter the amount in Box 21 as your proceeds of disposition.
( c& l$ K9 u+ O3 G* ^( \ 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.9 ?& B4 C) T% s8 g" V
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.3 Q$ ?% a& D5 p( a5 ~8 W( c4 D
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.- H+ u" D& D: t! N1 J1 j7 Q. r
|
|