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T5008 Guide Return of Securities TransactionsT4091(E) Rev. 09Is this guide for you? This guide explains how to prepare a T5008 return of securities transactions. Traders or dealers in securities have
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How to fill out t5008 guide return of
How to fill out t5008 guide return of
01
To fill out the T5008 Guide Return, follow these steps:
02
Gather all the necessary information such as the issuer name, issuer address, and issuer account number.
03
Report the transaction details including the date of acquisition or transfer, quantity, and cost or proceeds.
04
Calculate the adjusted cost base (ACB) if applicable and include it in the return.
05
Ensure all information is accurate and complete.
06
File the T5008 Guide Return with the appropriate tax authorities.
Who needs t5008 guide return of?
01
Any individual who received a T5008 slip from a broker or investment dealer needs to file a T5008 Guide return. This slip provides information about the proceeds and the cost of securities transactions that need to be reported for tax purposes. It is used to report capital gains or losses from the sale of securities.
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