Does T5008 replace the need to enter same data in Capital Gains summary?

[Antomeister]

Not exactly, the T5008 reports some of the same data that would be shown in your Capital Gains summary. To be more specific, it is a statement of securities transactions; meaning the slip deals with legal securities like: Debt obligations, options contracts, shares, treasury notes, or bonds. Furthermore, there are other uses for the Capital Gains summary that can reflect other different amounts. Like disposal of real estate/properties, or rental income. Therefore, it is important that you do not only use T5008's data as a comparison, and to make sure other capital investments (That are not securities) are reported. For more information on this topic: TurboTax - T5008 Slip

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