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nardean
Returning Member

How to enter non-spousal joint account t5008 info if my contribution to the account is $0?

I'm using the online version of Turbo Tax and just want to make sure I do it right.

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How to enter non-spousal joint account t5008 info if my contribution to the account is $0?

If you have not contributed to the investment account and derive no beneficial ownership from the account you will not enter the T5008. The joint owner will claim the full amount. You will need the beneficial account owner to provide you with confirmation they have reported the T5008. (CRA may ask for confirmation). 

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How to enter non-spousal joint account t5008 info if my contribution to the account is $0?

If you have not contributed to the investment account and derive no beneficial ownership from the account you will not enter the T5008. The joint owner will claim the full amount. You will need the beneficial account owner to provide you with confirmation they have reported the T5008. (CRA may ask for confirmation).