I have a T5008 for stocks sold in a SPP Share Purcahse Plan from work. How do I know if it is 'investment' or 'capital gain'?

I am using TurboTax to file. I am entering my information for the T5008. This was for a Share Purchase Plan in which I sold some of my shares. I cannot find a definition for the difference between the selection for 'investment' or 'capital gain'. What would these SPP stocks fall under?

Answer

Hello,

Thank you for using ProFile Live Community. I believe the T5008 slip should mention which one it falls under. I have attached a CRA link to T5008, there is a section about “what are proceeds” and “what are securities” under their definition. Also, it may be easier to contact them about the particular slip and confirm at the helpdesk.

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/slps/fnncl/t5008/menu-eng.html

http://www.cra-arc.gc.ca/cntct/phn-eng.html#h1

I hope that helps.

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