1. Debt obligations include bonds, debentures, notes, or any other certificates of indebtedness.
2. This category includes Government of Canada Treasury bills.
3. Municipal or public bodies performing a function of government in Canada include school boards, educational institutions, and hospitals.
4. Publicly traded means:
   • listed or posted for trading on a stock exchange, commodity exchange, futures exchange, or any other exchange, including exchanges in foreign jurisdictions
   • sold and distributed by prospectus, registration statement, or similar document filed with a public authority such as a provincial securities commission
5. Banker's acceptances and commercial paper are examples of debt obligations in bearer form that are not usually traded publicly. Debt obligations in bearer form include debt obligations payable to the "bearer" or to "cash". Instruments held in street name (that is, in the name of a broker or another nominee) are usually endorsed to the bearer.

Publicly traded means:

• listed or posted for trading on a stock exchange, commodity exchange, futures exchange, or any other exchange, including exchanges in foreign jurisdictions
• sold and distributed by prospectus, registration statement, or similar document filed with a public authority such as a provincial securities commission

Publicly traded means:

• listed or posted for trading on a stock exchange, commodity exchange, futures exchange, or any other exchange, including exchanges in foreign jurisdictions
• sold and distributed by prospectus, registration statement, or similar document filed with a public authority such as a provincial securities commission

1. An option is a right to buy or sell securities during an agreed period at a fixed price. Unlike an option, a contract for securities creates an obligation to buy or sell the securities.
2. A security includes a publicly traded option or contract for any property, including commodities, financial futures, foreign currency, precious metals, or any index relating to any property.
3. Publicly traded means:
   • listed or posted for trading on a stock exchange, commodity exchange, futures exchange, or any other exchange, including exchanges in foreign jurisdictions
   • sold and distributed by prospectus, registration statement, or similar document filed with a public authority such as a provincial securities commission
4. Municipal or public bodies performing a function of government in Canada include school boards, educational institutions, and hospitals.

1. A trader or dealer in securities is either:
   • a person who is registered or licensed under the laws of a province or territory to trade in securities
   • a person who commonly makes sales of securities as an agent for other persons
2. A nominee is a person or firm, such as a bank official or brokerage house, into whose name securities are transferred to make transactions easier. The customer remains the true owner of the securities.
   An agent is any person authorized to act for another person in transactions involving a third party. An agent includes:
   • an account executive or an investment counsellor who advises and handles orders for clients
   • a person appointed by a corporation to maintain records of stock and bond owners, to cancel and issue certificates, and to distribute payments to stock or bond owners
3. The reporting requirement for securities transactions does not apply to transactions for which an information return is required under section 202 (payments to non-residents) or section 204 (estates and trusts) of the Income Tax Regulations.

1. If a person acts as nominee or agent of the vendor or security owner and gets the proceeds of disposition from the transaction, that person has to report the transaction to the vendor or security owner.
2. A purchase as principal means a purchase on your own account. Do not report purchases made for clients or other investors.
3. You do not need to:
   • report transactions to another trader or dealer in securities, except if you purchase securities from a non-resident trader or dealer in securities
   • report a sale of securities by a trader or dealer in securities on behalf of a non-taxable entity such as a registered retirement savings plan, a deferred profit-sharing plan, a registered pension plan, a municipality, an agricultural organization, a board of trade, or a chamber of commerce, or a municipal or public body such as a school board, educational institution, or hospital
4. Do not report a sale of currencies or precious metal in the form of jewelery, works of art, or numismatic coins. Do not report a sale of precious metals by a person who, in the ordinary course of business, produces or sells precious metals in bulk or commercial quantities.
5. Do not report the redemption, acquisition, or cancellation of a debt obligation if:
   • the debt obligation is issued for its principal amount
   • the redemption, acquisition, or cancellation satisfies all of the issuer's obligations (that is, once the redemption occurs, no more amounts are payable to any person with an interest in the debt obligation)
   • each person with an interest in the debt obligation is entitled to an equal proportion of principal and interest payments (that is, the debt obligation is not a strip bond)
   • an information return is already required to be made as a result of the redemption, acquisition, or cancellation (for example, a T5 slip for the redemption of an investment contract or a T600 slip for accrued interest on redemption of a bond, debenture, or similar security)
6. Do not report transactions involving:
   • convertible property, that is, shares, bonds, debentures, or notes of a corporation which give the holder the right to exchange the security for shares of the same corporation (if you get consideration, other than shares, of $200 or more in the conversion, you have to report the transaction)
   • capital property that is a bond exchanged for another bond of the same debtor when the provisions of the exchanged bond gave the holder the right to make the exchange and the exchanged bond and the acquired bond both have the same maturity value
   • the redemption, cancellation, or acquisition of shares as a result of an amalgamation (if you get consideration, other than shares, of $200 or more in the exchange, you have to report the transaction)
   • share-for-share exchanges as a result of a capital reorganization of a corporation (report all transactions when you get any consideration other than shares)
   • interests in a partnership disposed of when a partnership ends
   • interests in a partnership transferred when a new partnership continues from a predecessor partnership