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Returning Member
posted Apr 11, 2022 5:27:18 PM

How do you correct errors in your T5008 slips with CRA?

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2 Replies
Level 6
Apr 12, 2022 1:23:42 AM

To correct errors, you need to wait for your notice of assessment before making a change.

Request an amendment and then remit using the ReFILE option. You can make changes to your current and previous 2 tax years.

 

For more details and other ways to correct errors with Canada Revenue Agency(CRA), please click:

TurboTax  I've filed my tax return. Can I still make changes?

Canada Revenue Agency(CRA) Amending your T5008 slips

 

 

Thank you for choosing TurboTax.

Level 3
Apr 14, 2022 10:53:50 PM

Review your entries on your T5008, ensure all the relevant boxes are completed (percentage holdings, cost /adjusted cost base, proceeds from settlement) and basically you need to fill four main boxes in your T5008:

Box 20 for cost

Box 21 for Proceeds

Your percentage (whether you own the whole stock or investment or not)

Type of Income (capital gain or Investment)

You should see your capital gains reflected on your tax return.

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