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charlieroden67-g
April 15, 2022
Question

Where do you report a return of capital noted on a T5?

  • April 15, 2022
  • 1 reply
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    1 reply

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    KateQuinn
    April 16, 2022

    Return of capital is not taxable and does not affect your income or deductions, therefore you do not need to include it on your return. However, since it does affect your adjusted cost base, you will still need to perform and keep track of an ACB calculation for each investment. Return of capital reduces the adjusted cost base of your investment, which increases the possible gain when you sell. Perform an ACB every year until you sell the investment.

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