What National Bank Direct Brokerage provides
National Bank Direct Brokerage (NBDB) provides tax slips and account statements through its online platform, with transaction history available for download. For non-registered accounts you’ll generally receive a T5008 covering your dispositions, along with T3 and T5 slips for distributions and dividends. Trades inside a TFSA or RRSP aren’t reported and aren’t taxable.
Why the cost base may be incomplete
Like every broker, National Bank Direct Brokerage can only compute cost base from activity it sees in your National Bank Direct Brokerage accounts. If you transferred shares in, hold the same security at another broker, reinvested distributions, or received equity-comp shares, its cost figure can be partial or blank — while the proceeds are usually reliable.
A National Bank Direct Brokerage detail worth knowing
NBDB is popular in Quebec; if you hold US securities, NBDB statements may show USD amounts without the CAD conversion needed for your return. Convert each trade at the Bank of Canada settlement-date rate.
Getting your data into shape
Export your National Bank Direct Brokerage activity (transactions and slips), then build a pooled cost base across all your accounts and brokers — applying reinvested distributions, return of capital, FX on US trades, and any corporate actions. That reconciled ACB, not the raw slip, is what belongs on your Schedule 3.