Reporting foreign capital gains on S3 or Sheet called "Foreign", it seems to me they are the same information in different formats? Thanks for clarifying. No T5008 forms.


I always use the S3Details form in the income module, and not the Foreign Income reporting form. That latter form might be usable for reporting some capital gains on "non-investment" type assets where the underlying details of a transaction are not fully available.

For the S3Details form, there is a lot more space to record information such as date of sale, proceeds, ACB, and costs of selling. You could insert the exchange rate in that form, but I prefer to record that separately on a spreadsheet in my working paper files so just report the Canadian dollar equivalent on the form. 

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