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bsal3377
New Member

Where do I find my investment income information and where do I enter it?

 
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Where do I find my investment income information and where do I enter it?

Any income made from your investments within "Registered" accounts,(TFSAs, RRSPs, RRIFs) does not get reported on the tax return. You, of course, will have an RRSP Contribution Receipt or Receipts to claim if you made any contributions from Mar to Dec 2017 or the 1st 60 days of 2018.

If you were buying and selling stocks, mutual funds, etc. in your online account, not within your TFSA, you would have incurred Capital Gains or Losses on any sells or dispositions you made. These need to be reported in TurboTax under Investments > Capital Gains & Capital Gains Deduction Profile. You should be able to retrieve a statement from your online account that provides you with the information needed to report this.

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4 Replies

Where do I find my investment income information and where do I enter it?

What type of investment income do you have? And have you not received any tax slips, statements or documents from the institution or investor if you have one?
bsal3377
New Member

Where do I find my investment income information and where do I enter it?

hi, thank you for your reply. The only tax slip I received was from the bank with/to which I contribute RRSP funds. Beyond that, I set up an online investment account and invested in some companies and made some money - though, that profit went to a tax free savings account. I did not receive any income tax related mail for that account....

Where do I find my investment income information and where do I enter it?

Any income made from your investments within "Registered" accounts,(TFSAs, RRSPs, RRIFs) does not get reported on the tax return. You, of course, will have an RRSP Contribution Receipt or Receipts to claim if you made any contributions from Mar to Dec 2017 or the 1st 60 days of 2018.

If you were buying and selling stocks, mutual funds, etc. in your online account, not within your TFSA, you would have incurred Capital Gains or Losses on any sells or dispositions you made. These need to be reported in TurboTax under Investments > Capital Gains & Capital Gains Deduction Profile. You should be able to retrieve a statement from your online account that provides you with the information needed to report this.

bsal3377
New Member

Where do I find my investment income information and where do I enter it?

Thank you very much for this very helpful information, its much appreciated. My investments were indee "registered" with a TFSA, so no Capital Gains as I understand it.