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T5008 - Statement of Securities Transactions

T5008 - Statement of Securities Transactions

Traders or dealers in securities have to file a T5008 information return to report purchases of securities as principal for their own account, and sales of securities they make as an agent or nominee, for any vendor. Issuers of securities and their agents or nominees use this information return to report redemptions, acquisitions, or cancellations of securities. You have to report transactions to all persons, including individuals, corporations, partnerships, trusts, or any other person who resides either in or outside Canada.

You have to report all security transactions falling under any section of the Income Tax Act not specifically excluded under subsection 230(3) of the Income Tax Regulations, even if no tax arises as a result of the transaction. For example, transactions undertaken under section 85 and section 85.1 of the Income Tax Act are not exempt from the requirement to report.

You must also use the T5008 information return to report dispositions or redemptions of debt obligations in bearer form by individuals resident in Canada. Debt obligations in bearer form include commercial paper and banker's acceptances.

AvanTax eForms Software
AvanTax eForms software provides you with everything you need to prepare, print & efile your T5008 returns, as well as many additional return types. Whether preparing just a few slips for a single company or tens of thousands of slips for many companies, AvanTax eForms will help you to meet all your tax slip reporting requirements.
Avantax Filing Services
Would you like to avoid the stress of preparing and efiling your returns yourself? Let Avantax Filing Services do the work for you! Simply complete one of our Excel Templates and we'll convert your tax slip data into XML; print & distribute your recipient slips and process & efile your returns with CRA / RQ. Call us and see how we can help you!

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