Last updated: February 18 2014

Lumping Options and Stock Transactions

I do about 200 trades a year. Can I assemble all trades into one final total instead of having to input each one, one line at a time?

First, assuming you're making money through these transactions, you might want to make an election to have them all treated as capital in nature. Use form T123 to do this.

For both the options and stocks, when you file your return CRA will only get two numbers: your total proceeds from all of your transactions and your total net gain or loss from these transactions. So, for filing your return, the individual transactions don't have to be entered into the software, but remember if you're audited, CRA will want to see details of each of these transactions, so be sure you have the individual transactions backed up on a spreadsheet to provide the necessary detail.