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cclion13
New Member

Do you know where I can get the amount to enter on Box 20 of my T5008 form as the bank did not have this information to provide me?

 
1 Reply

Do you know where I can get the amount to enter on Box 20 of my T5008 form as the bank did not have this information to provide me?

Thank you for your question.

 

If your broker (or other financial institution) left box 20 blank, you must still calculate it and report it.

 

You will need to verify the "Book Value" or Adjusted Cost Base for the shares/mutual funds sold and reported on the T5008. Otherwise, all of the proceeds are reported as a Gain on your tax return. Review your statements from the Investment Company.

 

Also select as Type of Investment "Capital Gains" under Box 19 on the T5008.

 

For more information, see the links below.

 

T5008 Slip – Statement of Securities Transactions

T5008 Statement of Securities Transactions – slip information for individuals

Box 20 – Cost or book value