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New Member
posted Apr 18, 2022 3:49:40 PM

How can I easily do my taxes for Wealth Simple and Questrade activity?

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1 Replies
Level 4
Apr 21, 2022 11:32:39 AM

If you are trading on Wealth simple and  Questrade, you must have capital gains/losses or interest income from investments.

 

To do your taxes for these activities please follow the steps given below: -

  • First of all, click on the "FIND" (Magnifying Glass) option on your tax file in TurboTax Online
  • Type "Capital gain", and click on "GO" 
  • Select "Sold stocks, bonds, real estate, other capital property, or sold qualified small business corporation shares and/or qualified farm property and you have a capital gain or loss to report"
  • On the next page, you can enter all the information about Capital gains/losses
  • Click on "Done", and do it again on the next page
  • On the next page, you can enter interest income or other investment income
  • Click on "Done" to save all details entered

For more information on investment income visit this page of the Canada Revenue Agency: - Calculating and reporting your capital gains and losses

 

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