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Self-employed
Open a T5006 slip. You will be able to find all the Box numbers in this slip including the consideration amount.
From the search engine on the top bar --> search for T5006 Registered Labour Sponsored Venture Capital Corporation Shares. Attached a screenshot of the slip in TTO.
I hope this was helpful
Footnote:
We at TurboTax want to encourage you and your close family to take all necessary precautions to ensure your safety. Please review the articles provided below for more information during these difficult times:
What to know about COVID-19 and Your Taxes.
https://turbotax.intuit.ca/tips/what-to-know-about-covid-19-and-your-taxes-11110
Canada’s COVID-19 Economic Response Plan
https://www.canada.ca/en/department-finance/economic-response-plan.html
COVID-19: Tax Info Centre
Canada Emergency Response Benefit (CERB)
https://turbotax.intuit.ca/tips/canada-emergency-response-benefit-cerb-11165
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Self-employed
Hello,
I am still not understanding as the T2C form doesn’t have box numbers, nothing on this form is corresponding to what you are saying to enter.
thank you.
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Self-employed
Did you figure this out? I’ve entered the amount purchased ($5000) in the consideration box, which seems to grant the provincial tax credit, but I can’t see where the federal tax credit can be applied.
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Self-employed
"Consideration Paid" is the cost of the labour-sponsored venture capital corporation (LSVCC) shares you purchased.
If you are using TurboTax Online the Federal portion is on top, and the Provincial portion is below.