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April 18, 2022
Question

How can I easily do my taxes for Wealth Simple and Questrade activity?

  • April 18, 2022
  • 1 reply
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    1 reply

    April 21, 2022

    If you are trading on Wealth simple and  Questrade, you must have capital gains/losses or interest income from investments.

     

    To do your taxes for these activities please follow the steps given below: -

    • First of all, click on the "FIND" (Magnifying Glass) option on your tax file in TurboTax Online
    • Type "Capital gain", and click on "GO" 
    • Select "Sold stocks, bonds, real estate, other capital property, or sold qualified small business corporation shares and/or qualified farm property and you have a capital gain or loss to report"
    • On the next page, you can enter all the information about Capital gains/losses
    • Click on "Done", and do it again on the next page
    • On the next page, you can enter interest income or other investment income
    • Click on "Done" to save all details entered

    For more information on investment income visit this page of the Canada Revenue Agency: - Calculating and reporting your capital gains and losses

     

    Thank you for choosing TurboTax.