A Relevé 18: Securities Transactions (RL-18) slip shows any securities transactions (sales, purchases, cancellations, or redemption) that you made during the tax year. A security can be a:
- publicly traded share of a corporation’s capital stock, interest in trust, or a partnership
- publicly traded debt obligation
- debt obligation issued or guaranteed by the government of Canada
- publicly traded option or contract for property such as commodities, foreign currency, precious metals, etc.
Typically, these transactions are made on your behalf by a trader, a broker, or a dealer. You’ll need to use the information found on your RL-18 slip to determine if your transaction resulted in a capital gain (or loss), business income (or loss), or in investment income.
Note: It’s up to you to keep track of all your securities transactions, including the adjusted cost base (ACB), so you can properly determine if you had capital gains or losses. The ACB is usually the cost of purchasing a security plus any expenses you paid acquire it, such as commissions and legal fees.
Where do I claim this?
Follow these steps in H&R Block’s tax software to file your 2016 taxes:
- On the QUICK ENTRY tab, click the QUICK SLIP icon. You will find yourself here:
- Type RL-18: Securities Transactions in the search field and either click the highlighted selection or press Enter to continue.
- When you arrive at the page for your RL-18, enter your information into the tax software.