Subsection 230(2)
Administrative Policy
RC4268 Handbook on Securities Transactions, A Summary of the Reporting Requirements Under the Income Tax Regulations
FX
Complete all T5008 slips in Canadian currency. Use the exchange rate that was in effect at the time of the transaction or an average rate that includes the transaction period. ...
Proceeds
Proceeds...means the fair market value, and includes all consideration, such as cash, debt obligations, and shares, that is paid or payable to the transferor.
Isssuers
Issuers of securities can include •partnerships; ...•municipal or public bodies...; and •foreign governments
Reg. 230(5) example
[A] coin dealer who buys gold coins, that are not numismatic coins, from an individual has to report the purchase to the individual on a T5008 slip.
Deemed dispositions
You do not have to report deemed dispositions on a T5008 slip.
Forms
T5008 "Statement of Securities Transactions"
T5008SUM "Return of Securities Transactions"
T4091 "T5008 Guide - Return of Securities Transactions"
Box 19 - Face amount...Leave this box blank if the security does not have a face amount (for example, shares or commodities).
Box 20 - Cost or book value... .The preparer is expected to take reasonable measures in order to ensure that the amount reported in box 20 is correct.
Box 21 - Proceeds... .Do not deduct any expenses from the proceeds
Boxes 22-24 Report in box 21 any part of the proceeds that is credited in money. ...Use boxes [22-24]...to report the transaction only if you cannot reasonably determine the FMV of the securities obtained on conversion. ...[Where you] redeem...a bond for 20 ounces of gold [and]...you could not determine the value of the gold, you would complete boxes 22, 23, and 24 as follows: •Box 22 - MET •Box 23 - 20 OZ •Box 24 - GOLD.