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New Member
posted May 29, 2021 10:56:55 AM

Are my capital gains on stocks automatically calculated in my T5?

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Level 3
Dec 7, 2022 3:36:35 PM

As per CRA: Although any amounts distributed as a return of capital on such shares will not be reported on the T5 slip, you should keep track of such amounts so that you can correctly calculate the ACB of your shares.

Your capital gains on stocks are not automatically calculated in your T5. You would have to input certain amounts based off of your transactions throughout the year. For more information on capital gains and taxes, here is a link to a great TurboTax article. If you'd like to know more about the T5 slip, here is an article by TurboTax. 
 
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