I have too many T5008s to import through Auto-fill, what should I do? If you have more than 25 T5008 slips, it’s much easier to use the Capital Gains & Losses section to report your dispositions. Accordingly, we will not import them through Auto-fill for you. Usually, your broker will send you a T5008 Trading Summary rather than Box 21 of the T5008 : This is the total amount of money received by or credited to the recipient in exchange for the securities. You have to prepare a T5008 slip for all reportable transactions, regardless of the amount of proceeds. There is no administrative limit for reporting securities transactions. But my T5008 doesn't include all the information I need to complete the process - namely, it doesn't include anything in Box 20 Cost or Book Value (which I assume is the same as Adjusted Cost Base) and it doesn't include any of my Outlays and Expenses (i.e., my trading costs).

preparation efforts, we are providing a brief overview of the various tax slips and supporting Issued to report all security trading activity in your account for. 21 Jan 2020 You can report transactions on account of income as either business income (line 13500 of your income tax return) or, for debt obligations in  Starting January 1, 2020, you must enter the amounts in dollars and cents in summary box 21 and in slip boxes 19,. 20 and 21. Page 4. canada.ca/taxes. 4. Table  Received a T5008 Trading Summary from Questrade. Do I need to do I used to work at a Canadian Bank, (RBC, BNS, TDBFG, CIBC or BMO. Take your pick). These transactions are business income, what do I do? If your slip relates to your business income (e.g., because you are a trader), don't use the T5008, Capital  Usually, your broker will send you a T5008 Trading Summary rather than individual T5008 slips. To complete the Capital Gains & Losses section: your proceeds  My new client brought me T5008/RL18 Trading Summary (8 pages). In this summary, most transactions were performed within 30 days. Thus, if there is a loss, 

Return of Securities Transactions (T5008) In these pages, the term "filer" refers to the person (that is, an individual or organization) that, under the Income Tax Act, must prepare and file a T5008 information return.

BMO IL has yet to issue a T5008 in the conventional way, with Box numbers identified. What BMO IL issues is really a trading summary including purchases. I also have to take back an erroneous remark on a prior post of mine where I said T5008/RL18 Trading Summary & Superficial Losses. My new client brought me T5008/RL18 Trading Summary (8 pages). In this summary, most transactions were performed within 30 days. Thus, if there is a loss, it should be considered a superficial loss and its amount should be added to the ACB of shares. I have too many T5008s to import through Auto-fill, what should I do? If you have more than 25 T5008 slips, it’s much easier to use the Capital Gains & Losses section to report your dispositions. Accordingly, we will not import them through Auto-fill for you. Usually, your broker will send you a T5008 Trading Summary rather than Box 21 of the T5008 : This is the total amount of money received by or credited to the recipient in exchange for the securities. You have to prepare a T5008 slip for all reportable transactions, regardless of the amount of proceeds. There is no administrative limit for reporting securities transactions. But my T5008 doesn't include all the information I need to complete the process - namely, it doesn't include anything in Box 20 Cost or Book Value (which I assume is the same as Adjusted Cost Base) and it doesn't include any of my Outlays and Expenses (i.e., my trading costs). T5008 (14) If you are using this page for the recipient's copies, keep the bottom slip for your records. For information on how to complete this form, see the back. Detach this part before filing your T5008 information return. Si vous utilisez cette page pour les copies du bénéficiaire, conservez la copie du bas pour vos dossiers.

T5008/RL18 Trading Summary & Superficial Losses. My new client brought me T5008/RL18 Trading Summary (8 pages). In this summary, most transactions were performed within 30 days. Thus, if there is a loss, it should be considered a superficial loss and its amount should be added to the ACB of shares.

BMO Wealth Management 201 Tax Documents PAGE 2 Tax slip Overview Expected Mailing Date Expected Online Availability Non-registered Accounts T5/R3/NR4 (Investment income) Issued to report investment income earned during the year from stocks, bonds, or interest on any credit balances. Week of February 24 Week of February 24 Trading Summary BMO Wealth Management Tax slip overview and schedule PAGE 2 Tax slip Overview Expected Mailing Date Expected Online Availability Non-registered Accounts T5/R3/NR4 (Investment income) Issued to report investment income earned during the year from stocks, bonds, or interest on any credit balances. Week of February 25 Week of February 18 Trading We received a T5008/RL18 trading summary from our investment advisor, and I understand that this information must be reported on a Schedule 3. I'm just not sure what needs to be reported and what goes where. For example, say we have the following trades listed for our joint non-registered account: BMO IL has yet to issue a T5008 in the conventional way, with Box numbers identified. What BMO IL issues is really a trading summary including purchases. I also have to take back an erroneous remark on a prior post of mine where I said T5008/RL18 Trading Summary & Superficial Losses. My new client brought me T5008/RL18 Trading Summary (8 pages). In this summary, most transactions were performed within 30 days. Thus, if there is a loss, it should be considered a superficial loss and its amount should be added to the ACB of shares. I have too many T5008s to import through Auto-fill, what should I do? If you have more than 25 T5008 slips, it’s much easier to use the Capital Gains & Losses section to report your dispositions. Accordingly, we will not import them through Auto-fill for you. Usually, your broker will send you a T5008 Trading Summary rather than

21 Jan 2020 You can report transactions on account of income as either business income (line 13500 of your income tax return) or, for debt obligations in 

But my T5008 doesn't include all the information I need to complete the process - namely, it doesn't include anything in Box 20 Cost or Book Value (which I assume is the same as Adjusted Cost Base) and it doesn't include any of my Outlays and Expenses (i.e., my trading costs). T5008 (14) If you are using this page for the recipient's copies, keep the bottom slip for your records. For information on how to complete this form, see the back. Detach this part before filing your T5008 information return. Si vous utilisez cette page pour les copies du bénéficiaire, conservez la copie du bas pour vos dossiers. In some circumstances, a T5008 slip may represent business income. If the slip was for shares, mutual fund units, or something similar, report the gain or loss in the Capital Gains section. Select “Publicly traded shares, mutual fund units, deferral of eligible small business corporations shares, and other shares” from the drop-down menu. Also be careful as your trading summary normally shows Buys as well as Sells. Buys must not be reported in your tax return. The summary is right in saying T5008 as T5008 is the way to report ALL your transactions to CRA. For further information you might want to consult the following publication

Starting January 1, 2020, you must enter the amounts in dollars and cents in summary box 21 and in slip boxes 19,. 20 and 21. Page 4. canada.ca/taxes. 4. Table 

T5008 Summary Use this form to total all the proceeds of disposition or settlement amounts you report on the related T5008 slips. You have to prepare a separate T5008 Summary when a beneficial owner claims previously unclaimed proceeds of disposition for securities transactions. T5008s almost never have the cost base listed on them. You have to track that yourself using the trading summary provided by your bank. So yeah of you simply import it from CRA, it's only gonna import the proceeds and not the cost, resulting in high capital gains. BMO Wealth Management 201 Tax Documents PAGE 2 Tax slip Overview Expected Mailing Date Expected Online Availability Non-registered Accounts T5/R3/NR4 (Investment income) Issued to report investment income earned during the year from stocks, bonds, or interest on any credit balances. Week of February 24 Week of February 24 Trading Summary BMO Wealth Management Tax slip overview and schedule PAGE 2 Tax slip Overview Expected Mailing Date Expected Online Availability Non-registered Accounts T5/R3/NR4 (Investment income) Issued to report investment income earned during the year from stocks, bonds, or interest on any credit balances. Week of February 25 Week of February 18 Trading We received a T5008/RL18 trading summary from our investment advisor, and I understand that this information must be reported on a Schedule 3. I'm just not sure what needs to be reported and what goes where. For example, say we have the following trades listed for our joint non-registered account: BMO IL has yet to issue a T5008 in the conventional way, with Box numbers identified. What BMO IL issues is really a trading summary including purchases. I also have to take back an erroneous remark on a prior post of mine where I said

BMO IL has yet to issue a T5008 in the conventional way, with Box numbers identified. What BMO IL issues is really a trading summary including purchases. I also have to take back an erroneous remark on a prior post of mine where I said T5008/RL18 Trading Summary & Superficial Losses. My new client brought me T5008/RL18 Trading Summary (8 pages). In this summary, most transactions were performed within 30 days. Thus, if there is a loss, it should be considered a superficial loss and its amount should be added to the ACB of shares. I have too many T5008s to import through Auto-fill, what should I do? If you have more than 25 T5008 slips, it’s much easier to use the Capital Gains & Losses section to report your dispositions. Accordingly, we will not import them through Auto-fill for you. Usually, your broker will send you a T5008 Trading Summary rather than