TurboTax FAQ
TurboTax FAQ
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How do I enter a T5008 slip (and matching Relevé 18, if applicable)?

Important:  If the amounts on your T5008 slip are in a foreign currency, convert them to Canadian dollars before you enter them. (Visit the Bank of Canada’s website for daily exchange rates and the average annual exchange rate.)

Note: Some of the fields on your T5008 slip may not be in TurboTax. You only need to enter the T5008 slip information that TurboTax asks for.

 

Instructions for the TurboTax online edition

If you have a T5008

1. Select the image of the magnifying glass (or Find) in the upper-right area of TurboTax.

2. Enter “T5008” in the Find window.

3. Select T5008 Securities Transactions from the list of results, and then select Go.

The T5008 - Summary step appears.

4. Select Enter New T5008.

The T5008 - Securities Transactions step appears.

5. Fill out the form in TurboTax with the information from your slip.

Note: If your T5008 slip is for a joint account shared between spouses, enter your spouse’s percentage of ownership in the field Enter percentage of slip to claim on your spouse’s tax return (if applicable).

6. Select Done With T5008.

The T5008 - Summary step appears.

7. Review the information on screen and follow the instructions below that match your situation.

  • If the information is correct, select Done With T5008 Slips.
  • If the information isn’t correct, select Edit next to the slip and correct the information. When you return to this step, select Done With T5008 Slips.
  • If you have more T5008 slips to enter, select Enter New T5008. When you return to this step, select Done With T5008 Slips.

Note: You can enter up to 30 T5008 slips. If you have more than 30 T5008 slips, add the amounts from each box and enter them as one T5008 slip in TurboTax. For example, enter the sum of all box 20s from all your slips in box 20 in TurboTax, and the sum of all box 21s from your slips in box 21 in TurboTax, etc.

 

If you have a T5008 and a Relevé 18

1. Select the image of the magnifying glass (or Find) in the upper-right area of TurboTax.

2. Enter “T5008” in the Find window.

3. Select T5008 / Relevé 18 Securities Transactions from the list of results, and then select Go.

The T5008 - Relevé 18 - Summary step appears.

4. Select Enter New T5008 - Relevé 18.

The T5008 - Securities Transactions step appears.

5. Fill out the form in TurboTax with the information from your slip.

Note: If your T5008 slip is for a joint account shared between spouses, enter your spouse’s percentage of ownership in the field Enter percentage of slip to claim on your spouse’s tax return (if applicable).

6. Select Enter Relevé 18.

The Relevé 18 - Statement of Securities Transactions step appears.

7. Fill out the form in TurboTax with the remaining information from your Relevé 18.

8. Select Done With T5008 - Relevé 18.

The T5008 - Relevé 18 - Summary step appears.

9. Review the information on screen and follow the instructions below that match your situation.

  • If the information is correct, select Done With T5008 and Relevé 18 Slips.
  • If the information isn’t correct, select Edit next to the slip and correct the information. When you return to this step, select Done With T5008 and Relevé 18 Slips.
  • If you have more T5008 slips or Relevé 18 slips to enter, select Enter New T5008 - Relevé 18. When you return to this step, select Done With T5008 and Relevé 18 Slips.

Note: You can enter up to 30 T5008 slips. If you have more than 30 T5008 slips, add the amounts from each box and enter them as one T5008 slip in TurboTax. For example, enter the sum of all box 20s from all your slips in box 20 in TurboTax, and the sum of all box 21s from your slips in box 21 in TurboTax, etc.

 

Instructions for the TurboTax CD/download edition

If you have a T5008

1. Select the image of the magnifying glass (or Find) in the upper-right area of TurboTax.

2. Enter “T5008” in the Find window.

3. Select T5008 Securities transactions from the list of results, and then select Go.

The Entering your federal T-slips step appears.

4. Select T5008 - Securities Transactions.

5. Select Continue.

The T5008 - Securities Transactions step appears.

6. Fill out the form in TurboTax with the information from your slip.

Note: If your T5008 slip is for a joint account shared between spouses, enter your percentage amount in the Your percentage field. Your spouse should also enter their percentage amount in the Your percentage field of their tax return.

7. If you have more T5008 slips to claim, select Enter New T5008 and fill out the form, repeating this step for each slip.

Note: You can enter up to 30 T5008 slips. If you have more than 30 T5008 slips, add the amounts from each box and enter them as one T5008 slip in TurboTax. For example, enter the sum of all box 20s from all your slips in box 20 in TurboTax, and the sum of all box 21s from your slips in box 21 in TurboTax, etc.

8. Select Done With T5008.

The T5008 - Summary step appears.

9. Review the information on screen and follow the instructions below that match your situation.

  • If the information is correct, select Done With T5008 Slips.
  • If the information isn’t correct, select Edit next to the slip and correct the information. When you return to this step, select Done With T5008 Slips.
  • If you have more T5008 slips to enter, select Enter New T5008. When you return to this step, select Done With T5008 Slips.

 

If you have a T5008 and a Relevé 18

1. Select the image of the magnifying glass (or Find) in the upper-right area of TurboTax.

2. Enter “T5008” in the Find window.

3. Select T5008 / Relevé 18 Securities transactions from the list of results, and then select Go.

The Entering your federal T-slips and relevé slips step appears.

4. Select T5008 / Relevé 18 - Securities Transactions.

5. Select Continue.

The T5008 - Securities Transactions step appears.

6. Fill out the form in TurboTax with the information from your slip.

Note: If your T5008 slip is for a joint account shared between spouses, enter your percentage amount in the Your percentage field. Your spouse should also enter their percentage amount in the Your percentage field of their tax return.

7. Select Enter Relevé 18.

The Relevé 18 - Statement of Securities Transactions step appears.

8. Fill out the form in TurboTax with the remaining information from your Relevé 18.

9. Select Done With T5008 - Relevé 18.

The T5008 - Relevé 18 - Summary step appears.

10. Review the information on screen and follow the instructions below that match your situation.

  • If the information is correct, select Done With T5008 and Relevé 18 Slips.
  • If the information isn’t correct, select Edit next to the slip and correct the information. When you return to this step, select Done With T5008 and Relevé 18 Slips.
  • If you have more T5008 slips or Relevé 18 slips to enter, select Enter New T5008 - Relevé 18. When you return to this step, select Done With T5008 and Relevé 18 Slips.

Note: You can enter up to 30 T5008 slips. If you have more than 30 T5008 slips, add the amounts from each box and enter them as one T5008 slip in TurboTax. For example, enter the sum of all box 20s from all your slips in box 20 in TurboTax, and the sum of all box 21s from your slips in box 21 in TurboTax, etc.

 

 

 

 

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