Jay.B Posted April 16, 2021 Report Share Posted April 16, 2021 I need to add more T5008 slips to report security transactions. However, UFile doesn't let me do this; it says "You cannot add any more pages of this type". Help! Quote Link to comment Share on other sites More sharing options...
AltaRed Posted April 17, 2021 Report Share Posted April 17, 2021 How many have you entered so far? When you click on the + sign at the end of the T5008 line, do you not get another blank page to use? AFAIK, the allowable number (dozens?) would exceed anything that any investor could possibly have. If not, then double up by combining T5008 tax slips together to reduce the number. Quote Link to comment Share on other sites More sharing options...
windsurfer51 Posted April 19, 2021 Report Share Posted April 19, 2021 When you have a T5008 you will also have a T3 so why would you want to enter the T5008 into the software ? Whatever income information that the T5008 has generated will be on the T3 Quote Link to comment Share on other sites More sharing options...
Jay.B Posted April 19, 2021 Author Report Share Posted April 19, 2021 AltaRed, somehow I ended up with over 100 (!!!) T5008 slips this year. Thanks for your suggestion, I combined multiple sales of the same security on a T5008 to report everything accurately. Windsurfer, I don't know which investments always provide a T3 for every T5008. In my situation, none of the capital gains reported on my T5008s are reported on a T3. Quote Link to comment Share on other sites More sharing options...
AltaRed Posted April 20, 2021 Report Share Posted April 20, 2021 A T3 is for investment income and is completely separate from a T5008 that records security sale transactions. I have no idea what Windsurfer is talking about. Quote Link to comment Share on other sites More sharing options...
windsurfer51 Posted April 20, 2021 Report Share Posted April 20, 2021 A T3 or T5 will show the amounts that the investment has made and have been paid out to you. A T5008 may have Proceeds, cost base etc listed but any money made on the investment will be on a T3 or T5 and your investment broker should be issuing the T3 or T5 If a person wants to keep track of his investments he could on the T5008. If you have a T3 or T5 and you also enter the amounts on the T5008 you will be paying taxes twice on the proceeds. I have had many client with T5008's and have never entered them into the tax return. If a stock, bond etc is sold the proceeds, capital gains etc again would be on a T3 or T5 Quote Link to comment Share on other sites More sharing options...
windsurfer51 Posted April 20, 2021 Report Share Posted April 20, 2021 Hi Jay B Your investment broker doesn't supply a T3 for every transaction, the T3 will show all the proceeds for the year, capital gains etc Depending on the investments this could also be listed on a T5 Quote Link to comment Share on other sites More sharing options...
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