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How can I easily do my taxes for Wealth Simple and Questrade activity?
April 18, 2022
3:49 PM
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Self-employed
If you are trading on Wealth simple and Questrade, you must have capital gains/losses or interest income from investments.
To do your taxes for these activities please follow the steps given below: -
- First of all, click on the "FIND" (Magnifying Glass) option on your tax file in TurboTax Online
- Type "Capital gain", and click on "GO"
- Select "Sold stocks, bonds, real estate, other capital property, or sold qualified small business corporation shares and/or qualified farm property and you have a capital gain or loss to report"
- On the next page, you can enter all the information about Capital gains/losses
- Click on "Done", and do it again on the next page
- On the next page, you can enter interest income or other investment income
- Click on "Done" to save all details entered
For more information on investment income visit this page of the Canada Revenue Agency: - Calculating and reporting your capital gains and losses
Thank you for choosing TurboTax.
April 21, 2022
11:32 AM