Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
CanadaEnglishEN

Pick a language

CanadaFrançais United States of AmericaEnglish
cancel
Showing results for 
Search instead for 
Did you mean: 
TurboTax Support
Intuit

Where do I report capital gains or losses in TurboTax Online?


Simply select the scenario below that best suits your need and follow the steps. Remember, if you have more than one T5008 slip, just add the total of all slips and enter that amount in the appropriate field.

  1. Select Find (or the magnifying glass icon).
  2. Type the name of your T-slip in the Find window (for example, type T5008).
  3. Select the name of your T-slip from the list of results, then Go.
  4. Enter the amount on the slip directly onto the TurboTax screen dedicated to that slip.

Note: Before you begin, be sure to determine the type of your capital property, and calculate your proceeds of disposition and adjusted cost base.

  1. Select Find (or the magnifying glass icon).
  2. Type capital gains in the Find window.
  3. Select Capital Gains and Capital Gains Deduction Profile from the search results, then Go.
  4. On the Your Capital Gains Profile for 20xx screen, follow the instructions to report your gains or losses.
  1. Select Find (or the magnifying glass icon).
  2. Type bottom line in the Find window.
  3. Select Bottom Line (Tax Summaries) from the search results, then Go.
  4. On the Let’s Review Your Numbers screen, select Detailed tax summary.

Gains are listed on the line for Taxable capital gains. For more information about this line, visit the CRA website.

Note: Losses that you report this year won't appear on your tax return. You can see these losses on your Notice of Assessment that you receive each year in the mail after filing your return. You can also view your Notice of Assessment online via your CRA My Account.

Related information:

How do I enter a T3 slip?

How do I enter a T5 slip?

How do I enter T5008 slips?

How do I enter a T5013?

What are capital gains and losses?

Was this helpful?

You must sign in to vote, reply, or post
Intuit TurboTax - Finish filing and get your maximum refund, guaranteed.

Returning? Sign in
v