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Everything you need to know to report your securities transactions

Relates to: Revenu Quebec

If you made securities 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 in your income tax return. Individuals in business, corporations, partnerships and trusts are also required to report securities transitions made during the year.

If you are in this situation, your financial institution or securities dealer will send you one of the following:

  • a consolidated T5008/RL-18 form showing all securities transactions;
  • a single RL-18 form for each securities transaction made.

Note that:

  • you have to report all of your securities transactions, even if the amount of the transactions is nil or negative;
  • the transactions to be reported will be presented starting on page 3, if you receive a consolidated T5008/RL-18 form.

For more information on the consolidated T5008/RL-18 form and how to meet your tax obligations, visit the new information page.

Fixing your tax situation

If you have already filed your income tax return and want to change it, see Correcting an Error or Omission.

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

For corporations

For more information on how to report securities transactions, refer to the Guide de la déclaration de revenus des sociétés (CO-17.G), which is available in French only.

If you have already filed a corporation’s tax return and want to change it, see Modification d’une déclaration de revenus des sociétés déjà transmise, which is available in French only

If you failed to report securities transactions made by the corporation in the past, see our voluntary disclosure policy for fixing the corporation’s tax situation.

For trusts

For information on how to report securities transactions, refer to the Guide to Filing the Trust Income Tax Return (TP-646.G-V).

If you have already filed a trust’s tax return and want to change it, 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 on fixing the trust’s tax situation.

For partnerships

For information on how to report securities transactions, refer to the Guide to Filing the Partnership Information Return (TP-600.G-V).

If you have already filed the partnership’s information return and want to change it, you have to file a new information return.

If you failed to report securities transactions made by the partnership in the past, see our voluntary disclosure policy on fixing the partnership’s tax situation.

Source Link Revenu Québec – News
Revenu Québec - News

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