Tip 90 - What about investment transactions reported on T-slips?

Just because you have received T-slips on investments doesn't mean all transactions have been reported on these T-slips. One of the best ways to ensure you have reported all your investment income and expenses is to check the annual activity statement provided by most brokers. This will tell you all purchases and sales of securities during the year, interest and dividends received, and interest, management fees and commissions paid. The T-slips issued by the broker will usually include all interest and dividend income, but you will likely have to report the capital gains or losses on sales of shares, accrued interest on long-term investments, as well as your investment expenses.

 

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