Please visit the Tax Information and Reporting page of the IBKR website, specifically the Reports and Dates section, to find which forms and worksheets will be available to you and the dates they will be posted to your account…

As a Canadian resident, you may receive:

• A form T5008 statement of your securities transactions.
• If you received distributions from trust units, you will receive Form(s) T3…

Tax forms will not be sent by mail. Tax forms are only available electronically. To access, log into Client Portal and click the Menu icon in the top left corner  Reporting  Tax Documents. If you have the old Client Portal layout, select the Performance and Reports tab followed by Tax Documents…

Canadian Slip T5008, Statement of Securities Transactions, contains proceeds and cost information, but capital gains/losses are not reported.

In compliance with Treasury Department Circular 230, unless stated to the contrary, any information contained in this FAQ was not intended or written to be used and cannot be used for the purpose of avoiding tax penalties that may be imposed on any taxpayer…

Profits and losses shown on the annual or monthly statements is for information purposes only. Please consult your tax advisor for further information on reporting these items.

In compliance with Treasury Department Circular 230, unless stated to the contrary, any information contained in this FAQ was not intended or written to be used and cannot be used for the purpose of avoiding tax penalties that may be imposed on any taxpayer…

RSPs do not generate tax forms related to annual investment earnings. However, forms are issued for contributions and withdrawals.

A withdrawal of funds from an RSP constitutes a de-registration of the plan and is subject to withholding tax. The tax will be withheld by IBKR at the time of the withdrawal. The gross amount of the RSP withdrawal will be included in the T4RSP slip, and will be counted towards the general income that one receives for the calendar year…

Interest expense is not reported on any tax form. This information is available on your Annual Activity Statement.

In compliance with Treasury Department Circular 230, unless stated to the contrary, any information contained in this FAQ was not intended or written to be used and cannot be used for the purpose of avoiding tax penalties that may be imposed on any taxpayer…

The values represented on the T5008 are in CAD. All values are converted using that the trade settlement day’s conversion rate. This is done automatically for tax reporting purposes.

Additional Information…

IBKR does not provide the T1135 tax form. However, we provide a Supplement Foreign Income Worksheet for applicable IB Canada accounts and this form can be used  by clients to complete tax form T1135…

Canadian tax form figures are translated to the CAD equivalent irrespective of what you trade or what you have selected as your base currency…

IBKR will report the information located in the following tax forms to the Canada Revenue Agency (CRA) and the Quebec Ministry of Revenue:

• Form T5008
• Form T5…

Yes, your T5008 does factor in adjusted cost basis but if you find it has not then please submit a webticket requesting for a review and correction.

More information on Form T5008…

The IBKR Activity Statement uses FIFO accounting, whereas the T5008 uses average cost accounting. This will cause a difference in the figures for Realized Profit and Loss…

Box 21 on Form T5008 shows the total Proceeds of Disposition for the fiscal year of reference. Proceeds of Disposition is the amount you received from the sale of capital property.

Please note that it does not reflect how the amount of funds you have currently for trading/withdrawal…

Commissions and exchange fees are included on box 21 of your T5008 form. Other fees such as interest, monthly activity or market data fees are not included…