T5008 reported as income

[SmallCapGirl AB]

I am filing my T5008 and would like to enter one as income. It seems as I have to select Stripped bond under security type. Why is there not a box set up as Income. It seems I need to enter wrong information in order to get right result?

[Geo123]

Hello SmallCapGirl AB,

 For debt securities the proceeds can be 100% interest or a portion of interest and capital gains.

 If the security was held to maturity then you have 100% interest income.

 If you sold BEFORE the maturity then see below the sample data entry you require to correctly calculate the interest rate and capital gain portion.

With T5008 financial institution does not issue a separate T5 interest slip

Also see : https://youtu.be/0T6InzXyh2g?si=5ffiedMTHxXoObXn

[SmallCapGirl AB]

2 hours ago, Geo123 said:

Hello SmallCapGirl AB,

 For debt securities the proceeds can be 100% interest or a portion of interest and capital gains.

 If the security was held to maturity then you have 100% interest income.

 If you sold BEFORE the maturity then see below the sample data entry you require to correctly calculate the interest rate and capital gain portion.

With T5008 financial institution does not issue a separate T5 interest slip

Also see : https://youtu.be/0T6InzXyh2g?si=5ffiedMTHxXoObXn

Perhaps my question wasn't specific enough:  I have traded stocks as income and I have received several T5008 that shows all those transaction. I understand that I can compile the amounts and input as one whole transaction. When selecting either 'blank' or 'other' it automatically input the amounts in schedule 3 as capital gains. Is there a way to enter a T5008 as income?

[Geo123]

Hello SmallCapGirl AB,

Other taxable income - you should also confirm with the CRA if it is "Other income"  OR "interest"  etc: