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New Member
posted Oct 31, 2019 2:15:59 AM

CRA allows choice of using Capital Gains Report or T5008 data for Gains or Losses. TurboTax will not Efile my return if I use CGR data. It did in 2017. Major error.

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5 Replies
Level 15
Oct 31, 2019 2:16:01 AM

Did you use CRA's AutoFill to import your tax information?

New Member
Oct 31, 2019 2:16:02 AM

Yes. It downloads only proceeds and not costs of transactions, which need to be filled in by hand. The other way is much easier.

Level 15
Oct 31, 2019 2:16:03 AM

If you choose to report your Capital Gains using the T5008 slips imported from CRA, you need to go in and "Edit" each T5008 slip itself. When you import these slips from CRA, they are usually missing "Box 20", which is the "Adjusted Cost Base" (purchase price) of your shares. Without entering this number, you will have Capital Gains on the entire "Proceeds of Disposition".

You can choose either method to report these dispositions, but not both. If you've already downloaded these T5008 slips and wish to use to report them under your Capital Gains Profile, you need to "delete" each T5008 slip imported.

New Member
Oct 31, 2019 2:16:05 AM

Yes this will fix it but entails deleting several hundred entries,  I have a lot of investments.  Using the Capital Gains Report only required 3 (three) entries.  TurboTax should give you the  option.  Major design problem with this program.

New Member
Oct 31, 2019 2:16:06 AM

I did use CRA's autofill to download T5008 and all the other T slips too.