How to report your capital gains (or losses) from T3, T4PS, T5, T5008 and T5013 information slips on Taxtron?

Question

Accepted Answer

Most capital gains and capital losses reported on Schedule 3 come from amounts shown on the following information slips:

T3 , Statement of Trust Income Allocations and Designations

T4PS, Statement of Employee Profit-Sharing Plan Allocations and Payments

T5, Statement of Investment Income

T5008, Statement of Securities Transactions

T5013, Statement of Partnership Income

Enter your data from T3, T4PS, T5, T5008 and T5013 information slips on Taxtron

Generally, capital gains or losses shown on a T3, T4PS, T5 or T5013 slip are reported on line 17400 or line 17600 of Schedule 3, however there are exceptions.

Capital gains from dispositions of qualified small business corporation shares and qualified farm or fishing property are eligible for the capital gains deduction. Therefore, you have to report those gains on line 10700 or line 11000 , whichever applies.

Capital gains or losses arising from dispositions of publicly-traded shares or mutual fund units are reported on line 13200 of Schedule 3.