To accurately report your T5008 information in Wealthsimple Tax, follow these steps:

1. Add the Statement of Securities Transactions section to your tax profile
2. Complete mandatory fields:
   • Select "Capital" or "Investment" based on the security type
   • Box 20: Enter your adjusted cost base (ACB)
   • Box 21: Enter the proceeds of disposition
3. Determine the nature of your income:
   • Capital: Most securities (e.g., stocks, bonds, mutual fund units)
   • Investment: Mature T-bills, interest from bonds
   • If Box 20 is higher than Box 21, select "Capital"
4. Decide where to report:
   • Use the Statement of Securities Transactions section, or
   • Report in Capital Gains & Losses section for capital transactions, or
   • Use the Business, Professional, and Commission Income section for investment income (e.g., you are a trader)

Important notes:

• Report dispositions from non-registered accounts
• You're responsible for tracking and entering the correct ACB
• Don't report the same transaction in multiple sections
  • Amounts reported in the Statement of Securities Transactions section are also summarized in the Capital Gains (or Losses) section to avoid double reporting

Tips for determining security types:

• Check your T5008 slip for security descriptions
• Research unfamiliar securities online
• Contact your advisor or broker if unsure

Remember:

• Keep detailed records of all transactions
• The CRA may request additional information

If you need assistance entering T5008 information in Wealthsimple Tax, please contact Wealthsimple support. For questions about specific transactions or calculating your ACB, consider consulting with a tax expert or your financial advisor.