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TurboTaxHeba
Intuit Alumni

How do I enter info from T2C (Sask)? I don't have a T5006, and my T2C only says investment amount and tax credit amounts for prov and fed. (No consideration paid amount)?

Open a T5006 slip. You will be able to find all the Box numbers in this slip including the consideration amount.

From the search engine on the top bar --> search for T5006 Registered Labour Sponsored Venture Capital Corporation Shares. Attached a screenshot of the slip in TTO. 

 

I hope this was helpful

 

Footnote:

We at TurboTax want to encourage you and your close family to take all necessary precautions to ensure your safety. Please review the articles provided below for more information during these difficult times:

 

What to know about COVID-19 and Your Taxes.

https://turbotax.intuit.ca/tips/what-to-know-about-covid-19-and-your-taxes-11110

Canada’s COVID-19 Economic Response Plan

https://www.canada.ca/en/department-finance/economic-response-plan.html

COVID-19: Tax Info Centre

https://turbotax.community.intuit.ca/community/tax-topics/help/covid-19-tax-info-centre/01/1335957#M...

Canada Emergency Response Benefit (CERB)

https://turbotax.intuit.ca/tips/canada-emergency-response-benefit-cerb-11165

 

 

 

TurboTaxHeba
Intuit Alumni

How do I enter info from T2C (Sask)? I don't have a T5006, and my T2C only says investment amount and tax credit amounts for prov and fed. (No consideration paid amount)?

Jblair77
New Member

How do I enter info from T2C (Sask)? I don't have a T5006, and my T2C only says investment amount and tax credit amounts for prov and fed. (No consideration paid amount)?

Hello,

 

I am still not understanding as the T2C form doesn’t have box numbers, nothing on this form is corresponding to what you are saying to enter.

 

thank you.

Ditch1988
New Member

How do I enter info from T2C (Sask)? I don't have a T5006, and my T2C only says investment amount and tax credit amounts for prov and fed. (No consideration paid amount)?

Did you figure this out? I’ve entered the amount purchased ($5000) in the consideration box, which seems to grant the provincial tax credit, but I can’t see where the federal tax credit can be applied. 

How do I enter info from T2C (Sask)? I don't have a T5006, and my T2C only says investment amount and tax credit amounts for prov and fed. (No consideration paid amount)?

"Consideration Paid" is the cost of the labour-sponsored venture capital corporation (LSVCC) shares you purchased. 

 

 

 

If you are using TurboTax Online the Federal portion is on top, and the Provincial portion is below.