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Antoine7

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Antoine7 last won the day on March 12 2019

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  1. Hi Antoine, I noticed my Questrade TRADING SUMMARY 2017 T5008 and monthly statements are in US currency but when I'm filing each trading transaction in the  Capital gains section of the Ufile tax refund form, every other section on the form is in Canadian currency of course.  Does this mean I have to manually convert each trade transaction into Canadian currency and try to find out what the rate of exchange was on the date of each transaction?  In 2017 I have 16 transactions but next year I could have 100+ possibly.  If the answer is yes, is this not an unrealistic task?  And if yes can I not request a T5008 with Canadian dollar currency?

    Another question...If say there were 100+ trades, and there's a limit on the instances in the Ufile setup I believe, then how do I enter the rest of the trade transactions?

    Hope you can help me?
    Thanks in advance.

    1. Antoine7

      Antoine7

      Hello K.I.D.,

      If you reach the maximum of the transactions in UFile, we suggest you use an excel sheet to list your transactions for your records and claim the totals in the appropriate sections in the T5008.
      or you use the T5008 Trading Summary to report your gains or losses; 
      • your proceeds of disposition are the amount from box 21, and
      • your adjusted cost base (ACB) should be like the amount in box 20 (your broker will help you to determine your ACB and enter the correct amount in box 20).
       

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