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posted Oct 30, 2019 3:50:33 AM

Cashless exercise of stock options (T4 or T5008)?

I went through a cashless exercise of employee stock options during the past year. The details were captured on my T4. However, the brokerage company sent me a T5008 form as well. Which one do I use to report the income? The T5008 form has no ACB information. Will I be reporting the same info twice if I use both forms?

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1 Best answer
Level 2
Oct 30, 2019 3:50:35 AM

If the stock options are reported on your T4 and all necessary/important tax values are there, you dont need to report them on T5008. 

1 Replies
Level 2
Oct 30, 2019 3:50:35 AM

If the stock options are reported on your T4 and all necessary/important tax values are there, you dont need to report them on T5008.