 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.
# \3 R/ A& S! l# b7 ]1 z9 C, [- \( \2 j1 ~# x
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.$ o" V _- f, E; \. b
If the slip was for shares, mutual fund units, or something similar, report the gain or loss in the Capital Gains section., {% n8 }! s9 q. u0 d
Select "Publicly traded shares, mutual fund units, deferral of eligible small business corporations shares, and other shares" from the drop-down menu.. d9 A0 o+ ?$ k$ t
Use the information from the slip to complete the description field.
0 x0 M+ q3 \9 U; h; U3 _+ e Enter the amount in Box 21 as your proceeds of disposition.+ y6 |% v% G" o0 h' n- [
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.
3 H, @% b/ l' q 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.
' _5 v+ K# N0 \ e1 H+ B% t$ u+ e 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.2 ]+ w! S6 T& r7 C' h
|
|