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April 25, 2022
Question

My family member sold shares from a trust fund.He was divided equally amongst the sibling. He received a t5008 . As family member where do I include the amount I recieve

  • April 25, 2022
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    1 reply

    April 25, 2022

    To include the income you received, you would need to also have a T5008. As your family member has the information slip, that member is solely responsible to report this amount on their tax return.

     

    For more information please see our TurboTax article Canada Inheritance Tax Laws & Information.

     

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