Could this be a US$ - Cdn$ conversion issue?
Was this a US$ stock that you traded in a Cdn$ account?
The T5008 will report in US$ while your Cdn$ account statements would be showing converted to Cdn$.
The CRA requires you to use Cdn$ for your tax reporting.

 

On my T5008 the cost column is completely blank for both my accounts. It seems strange that yours is filled in; I thought it was standard that TD does not fill in this field. Anyway, if you're certain you read the form correctly (maybe you can post a screenshot without the identifying information?), then I would contact TD to ask about whether they can issue a corrected version.

 

On my T5008 the cost column is completely blank for both my accounts. It seems strange that yours is filled in; I thought it was standard that TD does not fill in this field ...

Spudd, yes that is my experience as well, the T5008 does not provide cost/BV - only proceeds, and in the original currency ...

Looking at a few of mine ... for the sell transactions - I see proceeds with no cost numbers.

Where I see cost numbers are for buy transactions.


As I have indicated in other threads, I put the numbers from the confirmation/monthly statements into a spreadsheet that tracks the cost base for me. I typically don't use the T5008 for anything but a second source of transactions to confirm I haven't missed any transactions.


I only get the annual summary listing the buys/sells for the year which is marked "T5008" in the upper corner. I am not sure where it gets used but have have the following link on CRA's web site in the past, which is different.
http://www.cra-arc.gc.ca/E/pbg/tf/t5008/README.html


Cheers

 

Spudd, yes that is my experience as well, the T5008 does not provide cost/BV - only proceeds, and in the original currency.
My suggestion may not explain things, but I have also never seen an error, i.e. "trades are not accurate", so there is something being missed here.
As you suggest, a call to TDDI should solve it.

 

yes u are right the cost info is blank on the t5008 but it's on my trade summary statement. My account is only cad funds so it's not a conversion issue. i will be contacting them tomorrow.

 

yes u are right the cost info is blank on the t5008 but it's on my trade summary statement.

Not sure what you mean ... I get a T5008 with *is* the annual trade summary.

The only way I know it's a T5008 is that it says so in the upper right hand corner. The body is a table that lists by each security each buy transaction (which has a cost) and each sell transaction (which has proceeds). The column headings are Date, Buy, Sell, Security Description, Price, Cost, Proceeds & Commission.

A buy has the Date, Buy, Security Description, Price, Cost & Commission filled out. A sell has Date, Sell, Security Description, Price, Proceeds & Commission filled out.

An underline separates the groupings of the transactions. Buy twice stock A then sell has the three transactions with the Security Description as "Stock A" then an underline then the stock B transactions.


Cheers

My account is only cad funds so it's not a conversion issue. i will be contacting them tomorrow.[/QUOTE]

 

You can also pull the individual trade confirmations and check those to see if they match.

 

There is something else going on that the OP has not clarified. How many buys/sells for that stock? What does the sum of the buys and the sum of the sells per the Annual Trading Summary / Purchase and Sales Report say (assuming all buys and all sells took place in 2016? Any superficial losses?

 

Any superficial losses?

Yeah, this is what first crossed my mind when I read the OPs post. Five months trading in a single stock with proceeds of approximately a quarter million, I wondered about the 30 day rule, but didn't know if T5008 concerned itself with such details?

ltr

 

I don't think the T5008 cares. I think it is merely a record of transactions.... since Cost Basis/ACB is not included in the first place.