I deleted all of those entries because that was not income but rather investments I had made then sold to purchase my home. Is that ok?
The difference between the purchase price of those investments and the selling price is, indeed, income. You should ask your investment firm for a buy sell report and report these investments as capital gains. If the info from CRA reported the full amount as income, there may not have been a cost included on the document that reported the sale of the investments. When done correctly, you will pay 50% tax on the capital gains.
The difference between the purchase price of those investments and the selling price is, indeed, income. You should ask your investment firm for a buy sell report and report these investments as capital gains. If the info from CRA reported the full amount as income, there may not have been a cost included on the document that reported the sale of the investments. When done correctly, you will pay 50% tax on the capital gains.