 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$ {) i) j
+ Q0 p# j, W0 _) e/ I& Y0 q 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.
/ S( e2 @. T- i9 c If the slip was for shares, mutual fund units, or something similar, report the gain or loss in the Capital Gains section.
2 r/ z0 m1 H3 O2 R J- P$ ~ } Select "Publicly traded shares, mutual fund units, deferral of eligible small business corporations shares, and other shares" from the drop-down menu.
2 A6 b) Z7 z; j$ ~, _5 z f Use the information from the slip to complete the description field.' E, F: P6 @( I0 f' N* n3 N
Enter the amount in Box 21 as your proceeds of disposition.& `) T" ]: M2 M
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.* d9 Q. X4 G; \" O. o
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. c( w" y: M1 k6 b3 p P, W7 V+ G
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 q9 d: ^' }! V( Q |
|