Can I use TurboTax to report capital gains derived from the non-qualified investment in TFSA or RRSP?
As per CRA: If a TFSA holds a non-qualified investment or carries on a business, the TFSA trust is taxable on any income earned on, and any capital gains derived from the non-qualified investment or business. You must report such income on a T3RET, T3 Trust Income Tax and Information Return.
Can I use TurboTax to report capital gains derived from the non-qualified investment in TFSA or RRSP?
TurboTax does not offer software to complete a T3 - Trust Income Tax Return. This type of return can be prepared with ProFile software from Intuit, including a One-Pay option.
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