 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./ F" X& i, L2 ?$ M; ~
" _' z" J4 G6 e: e$ R. |
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.
5 X$ g [+ d$ _$ ~! l X If the slip was for shares, mutual fund units, or something similar, report the gain or loss in the Capital Gains section. z; M" R# y; X" g( S9 M( @
Select "Publicly traded shares, mutual fund units, deferral of eligible small business corporations shares, and other shares" from the drop-down menu.
: h' h7 K& I* C: v1 r: m3 v' u Use the information from the slip to complete the description field.
s7 A# a5 z" j8 y. n Enter the amount in Box 21 as your proceeds of disposition.2 G; `/ j8 i$ B5 v: A; R7 X
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.
# d6 @8 o$ F8 U6 ~; D+ `9 m- K 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.4 {; P/ M: {. {8 ]
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.
' M; d+ m6 M9 q5 p) c- y |
|