TurboTaxHeba
Intuit Alumni

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

https://turbotax.community.intuit.ca/community/tax-topics/help/covid-19-tax-info-centre/01/1335957#M...

Canada Emergency Response Benefit (CERB)

https://turbotax.intuit.ca/tips/canada-emergency-response-benefit-cerb-11165

 

 

 

TurboTaxHeba
Intuit Alumni

Self-employed

Jblair77
New Member

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.

Ditch1988
New Member

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. 

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.