When you do not have to prepare a T5008 slip?

You do not need to prepare a T5008 slip and information return for:

• a purchase of a security by one trader or dealer in securities from another, other than a non-resident trader or dealer in securities;
• a sale of a security by a trader or dealer in securities for another trader or dealer in securities;
• a sale of currencies or precious metals in the form of jewellery, works of art, or numismatic coins;
• a sale of precious metals if you ordinarily produce or sell precious metals in bulk or commercial quantities;
• a redemption, acquisition, or cancellation of a debt obligation by the issuer or agent when:
  • the debt obligation was issued for its principal amount;
  • the redemption, acquisition, or cancellation satisfies all of the issuer's obligations;
  • there are no disproportionate payments of principal and interest to any person with an interest in the debt obligation; and
  • an information return other than a T5008 information return is required as a result of the redemption, acquisition, or cancellation;
• a sale of securities by a trader or dealer in securities on behalf of a person who is exempt from tax under section 149 (for example, municipalities, registered charities, non-profit organizations, and registered retirement savings plans);
• transactions reported under section 202 or 204 of the Income Tax Regulations;
• a deemed disposition of a security (see Deemed dispositions); or
• the expiry or exercise of an option, right, or warrant.

Forms and publications

• Form T5008, Statement of Securities Transactions
• Form T5008SUM, Return of Securities Transactions
• Interpretation Bulletin IT479R, Transactions in securities

Related Topics

• Payments to non-residents of Canada

Date modified:

2017-01-20