I have account at my bank and I opened investment account with them (Mutual Fund), they told me only when I withdraw the investment I will pay taxes if I have gain.
Now, when I'm trying to file my taxes, I reviewed my CRA account, and I found a bunch of: T5008 slips there, and I was reading that I need to enter that, and determine if its investment or gain. the problem is I never cached the amount, the bank is trading for me, and they advised that I should not cash it now because the market is down.
I see there are some gain in the last year, and if I added that mean I need to pay now taxes for something that I never cashed. how this one works? any advise?
