Solved: Does entering info on form T5008 automatically upd...

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Does entering info on form T5008 automatically update Schedule 3 for capital gains? It does not seem to do so on mine.

 
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New Member

Does entering info on form T5008 automatically update Schedule 3 for capital gains? It does not seem to do so on mine.

On the T5008 there is a spot to indicate if the income is a Capital GAin, or Investment income.  In most cases the income is a Capital gain, and if indicated this will be reflected on the Schedule 3.

If the income is indicated as Investment income, this is then reported on the Schedule 4.

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Highlighted
New Member

Does entering info on form T5008 automatically update Schedule 3 for capital gains? It does not seem to do so on mine.

On the T5008 there is a spot to indicate if the income is a Capital GAin, or Investment income.  In most cases the income is a Capital gain, and if indicated this will be reflected on the Schedule 3.

If the income is indicated as Investment income, this is then reported on the Schedule 4.

View solution in original post

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