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I have a brokerage account with Questrade and recently had a T5008 issued to me.

On this slip is a listing of my equity purchases and sales along with the capital gain or loss on each transaction.

Some of the equities were purchased on the TSX (CAD) while eithers were purchased on U.S. index (USD).

How do I report these on my tax return? Must I report in Canadian Dollar terms? If so, what is the exchange rate to be used?

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    It may be in CAD already. What does box 13 say. – brian Feb 11 '16 at 14:34
  • I don't see a box 13.... – karancan Feb 12 '16 at 2:34
  • Top line, last box – brian Feb 12 '16 at 4:34
  • It's not here. This T5008 doesn't have any currency information apart from a section that says "The following are U.S. $ transactions:..." followed by a listing of all trades in their U.S. dollar amounts – karancan Feb 14 '16 at 16:51
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You have to report all transactions in CAD. T5008 shouldn't have capital gains but "cost or book value" and "proceeds of disposition". It's up to you to calculate your capital gain in CAD if it's not already.

It may be as simple as subtracting cost from proceeds and using an average exchange rate for the year. However, you're supposed to use exact exchange rates for capital gains on the day the trades were settled.

You also may have to adjust the cost to account for shares you or your spouse held in other accounts.

You can get these rates here. http://www.bankofcanada.ca/rates/exchange/

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