How do I enter investment income and capital losses already realized this year?
Where to find it: TIME MACHINE → Additional information
Use the TIME MACHINE additional-information fields for taxable investment income already earned in non-registered accounts. Enter interest and foreign dividends, eligible dividends and non-eligible dividends in their respective fields. Use the gross amounts, not amounts already grossed up for tax.
Enter realized capital gains and realized capital losses separately as gross amounts before the taxable inclusion rate. Do not net losses against the gain field. Record losses carried forward from previous years in the separate carry-forward field.
Enter each person’s taxable share on their own form, including their share from jointly held non-registered accounts. Do not include your CCPC’s investment income or growth earned inside RRSPs or TFSAs.
These past amounts improve current-year tax estimates. The future investment returns remain defined on the holdings and in the rates table; entering a gain here does not update a holding’s current market value.