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Hi Allan,
I received T5008 and T5 slips from my bank for dividends/income earned in my corporation name/ account?
I invest the surplus cash from my business in a trading account under my business.
How do I enter them in my T2 return. I used Turbo tax software.
Thank you
Eric
Hi Eric,
Report dispositions of capital property (including securities) on Schedule 6 of the T2 corporate tax return. In addition to this, report dividends received on Schedule 3 of the T2 Return. Lastly, complete Schedule 7 of the T2 Return to report all investment income, including capital gains, interest and dividends. Remember to complete the GIFI Schedule 125 for all sources of income.