Do you have to report stocks on taxes in Canada?

Yes, you need to report all forms of investment income when you file your taxes. You'll have to pay tax on stock gains in Canada for income you make through interest, dividends and capital gains. The amount of taxes you pay will depend on a number of factors such as what type of income you make, what type of investor you are and what tax bracket you're in.

What is the Superficial Loss Rule?

Also known as the "30-day rule", the Superficial Loss Rule stops you from selling a stock at a loss and then buying it back within 30 days simply to reduce your taxable income. The rule is designed to prevent investors from claiming superficial losses as tax deductions.

Do I have to pay taxes on stock gains in a registered account?

No, for the most part you won't need to pay taxes on any stocks you hold in registered accounts. However, please note that you can only defer tax until you make a withdrawal, not avoid it completely, with some accounts such as RRSPs and RESPs.

How do I report investment income on my taxes?

You'll usually get a statement of your investment gains or losses from your online broker or robo-advisor. Common tax forms include: T3 slip (also known as a T3 Statement of Trust Income Allocations and Designations) T5 Statement of Investment Income T5008 Statement of Securities Transactions Schedule 3 Capital Gains or Losses You'll report different types of investments on different lines of your tax return. For example, you'll report dividends on line 12000, capital gains on line 12700 and interest and foreign investment income on line 12100.