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Mandatory reporting of transactions (sales of shares, mutual fund units and other securities) you made in 2019 in your income tax return

If you made security transactions last year, such as sales of public corporation shares, mutual fund units, bonds or other investments (linked notes, derivative products, etc.), be sure to meet your tax obligations by reporting the transactions.

You have to report all your security transactions, even if the amount of the transactions is nil or negative.

Follow these steps to report your transactions:

Step 1
For each transaction, refer to the information on one or more of the following:

  • the RL-18 slip;
  • the account statement or statement of transactions;
  • the federal T5008 slip;
  • any other document that you received from a financial institution, a dealer in securities or any other entity..

It is your responsibility to check the accuracy of the information on your supporting documents (such as the proceeds of disposition, the cost, book value and the face value).

Step 2
For each transaction, determine the type of amount you are reporting:

  • a capital gain or loss;
  • business income or a business loss (income or a loss from commercial activities);
  • interest or other investment income.

To determine whether an amount is business income or loss rather than a capital gain or loss, refer to the eight criteria in point 17 of the interpretation bulletin Election in respect of the disposition of Canadian securities.

If you are reporting a capital gain or loss, you have to take into account the adjusted cost base (ACB) in the calculation of the gain or loss. The amount shown in box 20 of the RL-18 slip or on your supporting document is not necessarily the ACB.

To calculate the ACB, you have to check whether the amount shown in box 20 of your RL-18 slip or the amount on your supporting document takes into account capital repayments received for the current year and previous years. To do so, refer to:

  • the documents sent by your broker or dealer in securities;
  • section 2.4.6 of guide IN-120-V, Capital Gains and Losses.

Step 3
Enter the amount calculated for each transaction in your income tax return.

For more instructions specific to your situation, see below.

For individuals

Refer to the guide to the income tax return (TP-1.G-V), in particular to the instructions for the following lines:

Correcting an error or omission

If you want to make changes to a return that you have already filed, see Correcting an Error or Omission..

If you failed to report securities transactions in the past, see our voluntary disclosure policy to rectify your tax situation.

For corporations

Refer to the Guide de la déclaration de revenus des sociétés (CO-17.G), which is available in French only.

Correcting an error or omission

If you want to make changes to a corporation income tax return that you have already filed, see Amending a Corporation Income Tax Return.

If you failed to report securities transactions made by a corporation in the past, see our voluntary disclosure policy to rectify the corporation's tax situation.

For trusts

Refer to the Guide to Filing the Trust Income Tax Return (TP-646.G-V).

Correcting an error or omission

If you want to make changes to a trust income tax return that you have already filed, see Request for an Adjustment to a Return.

If you failed to report securities transactions made by a trust in the past, see our voluntary disclosure policy to rectify the trust's tax situation.

For partnerships

Refer to the Guide to Filing the Partnership Information Return (TP-600.G-V).

Correcting an error or omission

If you want to make changes to a partnership information return that you have already filed, simply file a new partnership information return.

If you failed to report securities transactions made by a partnership in the past, see our voluntary disclosure policy to rectify the partnership's tax situation.

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