Why sign in to the Community?

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

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

Do I need to enter information from T5008's and capital gains/losses if I have already entered all the amounts from T3 and T5 forms?

I have T3 slips and T5 slips and I also printed the T5008's from my CRA account as well at 2 charts from TD Waterhouse called "Realized Gains and Losses". Do I entered information from all these or will I be duplicating? Not sure if I just enter the information from the T3 and T5's or all?

1 Best answer

Accepted Solutions
Level 1

Do I need to enter information from T5008's and capital gains/losses if I have already entered all the amounts from T3 and T5 forms?

You'll need to enter the information from every T-Slip you receive. There is different information on the slips, although it would appear they relate to the same investment.

  • The T3 - Statement of Trust Income Allocations and Designations slip shows capital gains at the fund level based on your fund manager buying and selling. (or activity in account).
  • The T5 - Statement of Investment Income slip can include interest, dividends, and certain foreign income.
  • The T5008 or December 31st account statement shows capital gains based on YOUR buys and sells. (usually only received when you sell or cash out).

If you are issued any of these slips, you need to report them.

View solution in original post

1 Reply
Level 1

Do I need to enter information from T5008's and capital gains/losses if I have already entered all the amounts from T3 and T5 forms?

You'll need to enter the information from every T-Slip you receive. There is different information on the slips, although it would appear they relate to the same investment.

  • The T3 - Statement of Trust Income Allocations and Designations slip shows capital gains at the fund level based on your fund manager buying and selling. (or activity in account).
  • The T5 - Statement of Investment Income slip can include interest, dividends, and certain foreign income.
  • The T5008 or December 31st account statement shows capital gains based on YOUR buys and sells. (usually only received when you sell or cash out).

If you are issued any of these slips, you need to report them.

View solution in original post