Form T5008SUM Return of Securities Transactions - Canada (English / French)

Form T5008SUM is used in Canada to report a summary of securities transactions. It provides important information about the sale or transfer of certain securities, such as stocks, bonds, and mutual funds, for individuals or corporations.

Individual taxpayers and corporations in Canada are required to file the Form T5008SUM - Return of Securities Transactions. This form reports details of securities transactions, including sales, acquisitions, and redemptions. The form is available in both English and French.

FAQ

Q: What is Form T5008SUM?
A: Form T5008SUM is a return of securities transactions form in Canada that must be filed by financial institutions and brokers to report information about certain securities transactions made by their clients.

Q: Who is required to file Form T5008SUM?
A: Financial institutions and brokers in Canada are required to file Form T5008SUM.

Q: What information is reported on Form T5008SUM?
A: Form T5008SUM reports information about certain securities transactions, including the description, quantity, and proceeds of each transaction.

Q: How and when should Form T5008SUM be filed?
A: Form T5008SUM should be filed electronically through the Canada Revenue Agency's (CRA) electronic filing system. It must be filed by the end of February following the calendar year in which the securities transactions occurred.

Q: Is Form T5008SUM required for all securities transactions?
A: No, Form T5008SUM is only required for certain types of securities transactions, such as dispositions of securities, redemptions of securities, or distributions of trust units.

Q: What are the consequences of not filing Form T5008SUM?
A: Failure to file Form T5008SUM can result in penalties and interest charges imposed by the CRA.