Does the T5013 replace the T5008? How do I show capital gains? Do I have to run around and find purchase price, selling price date of disposition etc?
The T5013 and T5008 tax slips are two separate entities which must both be entered on your tax return if you have received them.
The T5013 - Statement of Partnership Income and the information shown on it should be completed by the issuer. Often a guide to the box entries will accompany this slip and you only need to enter the box numbers shown in the corresponding boxes of your tax return.
The T5008 - Statement of Securities Transactions may be missing information, so you'll want to obtain and enter as much information as you can in regards to this sale, so you are not paying tax on the entire disposition and sell.
Boxes 20 & 21: The Proceeds (box 21) have most likely been entered, but the Adjusted Cost Base (box 20), may be blank. Many T5008 issuers report only the proceeds because they don’t know your ACB. It’s your responsibility to track your ACB and enter the correct amount in box 20. If you aren’t sure, contact your advisor or broker.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.
Sign In
Canada (English)
EN
