SunnyPOnt Posted March 18, 2023 Report Share Posted March 18, 2023 I'm filing my taxes on Ufile. Ufile has downloaded all my T5 and T5008 forms from my CRA login that includes what securities (stocks) I sold at profit or loss. My question is do I need to separately enter Capital Gains/ Loss information after computing each form from above T5/T5008 list ? Thanks. Quote Link to comment Share on other sites More sharing options...
clw Posted March 18, 2023 Report Share Posted March 18, 2023 The downloaded slips are automatically integrated in the capital gains and loss section of Ufile. You should cross check the downloaded numbers to make sure everything is in the correct place, but no further data entry is required. Some brokers do not include the adjusted cost base (ACB), so make sure this info exists in every T5008 slip. Quote Link to comment Share on other sites More sharing options...
gmf001 Posted March 27, 2023 Report Share Posted March 27, 2023 (edited) I have a list of about 30 T5008 that were automatically loaded. However, I don't see that they've been integrated into the capital gains calc and they don't show up in the summary (though maybe they wouldn't since the sum is a capital loss - not gain.). It's also not clear where I would ask for the loss to be applied to previous capital gains in order to get a refund from past years. What would I see in uFile to show that the T5008 have been included in capital gains calcs and where can I apply for retroactive application of this years losses. thanks gmf Edited March 27, 2023 by gmf001 added Qs Quote Link to comment Share on other sites More sharing options...
Curmudgeon Posted March 27, 2023 Report Share Posted March 27, 2023 In Interview setup, find Carryforward amounts and prior year information. Click the blue dot on Losses of prior years, carrybacks and select T1A. Quote Link to comment Share on other sites More sharing options...
gmf001 Posted March 29, 2023 Report Share Posted March 29, 2023 @C. Thanks. That answers part of my issue so I can now apply for the carry back. But there’s still no automatic defrost from the T5008 forms to the capital gains/losses section of uFile. And I just noticed the auto filling feature didn’t load ant T5s. So not so automated. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.