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You can report transactions on account of income as either business income (line 13500 of your income tax return) or, for debt obligations in bearer form, as investment income (line 12100 of your income tax return).
Adjusted cost base (ACB) is a calculation used to determine the cost of an investment for tax purposes and is reported on Schedule 3 of your tax return. It is only relevant for assets held outside of registered accounts. When you sell an asset, your capital gain or loss is normally your proceeds less your cost.
You'll need to use the federal Schedule 3 form to report any capital gain (or loss) you have from the sale or transfer of a capital property ? specifically, shares, bonds, debts, land, or buildings ? and if you want to claim a capital gains reserve.
Schedule 3 is divided into eight sections for reporting the disposition of different types of capital properties, and to calculate the amount of taxable capital gains to enter on line 12700 of your return.
You need to add form Schedule 3 in your tax return and enter each stock/mutual fund transaction into an entry of field 131/132. Each T5008 will become one entry of transaction for field 131/132. You need to find out the amounts in T5008: The number of shares in schedule 3, is box 16 of T5008.