Questrade tax reporting, explained

What Questrade gives you at tax time, where its numbers fall short, and how to get to a correct capital gains figure for your return.

Updated July 2026 · 5 min read

What Questrade provides

Questrade posts your tax slips and account statements in its client centre, and lets you export transaction history for each account. 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, Questrade can only compute cost base from activity it sees in your Questrade 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.

You own the number. Whatever Questrade reports for cost, the CRA holds you to the correct pooled adjusted cost base. Reconcile before you file.

A Questrade detail worth knowing

Questrade lets you hold US dollars, so US-denominated trades need converting to Canadian dollars at each transaction date — a common source of gains that a raw export won’t show in CAD.

Getting your data into shape

Export your Questrade 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.

Frequently asked

Does Questrade report my capital gains to the CRA?

Questrade issues a T5008 reporting your dispositions (proceeds, and sometimes a cost figure) for non-registered accounts, and the CRA receives a copy. But you are responsible for reporting the correct adjusted cost base, which the slip may not fully capture.

Can I trust the cost base on my Questrade slip?

Treat the proceeds as reliable but verify the cost base. Questrade only sees activity in your Questrade accounts, so transfers in, holdings at other brokers, reinvested distributions, and equity-comp shares can make its cost figure incomplete.

Are my Questrade TFSA and RRSP trades taxable?

No. Gains inside registered accounts are sheltered, so trades there aren’t reported on a T5008 or taxed. Only your non-registered Questrade activity flows onto Schedule 3.

Keep reading
Why your T5008 might be wrongImporting broker dataHow to report stock sales to the CRA

Educational information, not tax advice. Rules summarized here can change and may not fit your situation — always confirm your capital gains reporting with a qualified Canadian accountant.

Not tax or legal advice. Always confirm capital gains reporting with a qualified accountant. · Made with love in Canada 🇨🇦
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