 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.! Y4 x$ W: K3 I
: k% |; X) n2 I8 F 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., R! U+ h0 \( A
If the slip was for shares, mutual fund units, or something similar, report the gain or loss in the Capital Gains section.
4 E: ?7 A7 m, J" N0 r1 O Select "Publicly traded shares, mutual fund units, deferral of eligible small business corporations shares, and other shares" from the drop-down menu./ Y" T6 m& J2 M
Use the information from the slip to complete the description field.9 r) S7 F2 Y. p+ V1 k( i9 P
Enter the amount in Box 21 as your proceeds of disposition.
8 o- _) V$ s9 E* p. D 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.7 W& c/ i" g) o. 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.
, {8 F! N. Q: ^1 u/ `. k 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., ~1 j1 y* R/ ~1 {
|
|