TD Direct Investing tax reporting, explained

What TD Direct Investing 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 TD Direct Investing provides

TD Direct Investing posts tax slips and statements in WebBroker, and lets you export your account activity. 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, TD Direct Investing can only compute cost base from activity it sees in your TD Direct Investing 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 TD Direct Investing reports for cost, the CRA holds you to the correct pooled adjusted cost base. Reconcile before you file.

A TD Direct Investing detail worth knowing

TD’s book-cost figure is a helpful starting point, but it reflects only your TD activity — reinvested distributions and shares held at other brokers can leave it understated.

Getting your data into shape

Export your TD Direct Investing 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 TD Direct Investing report my capital gains to the CRA?

TD Direct Investing 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 TD Direct Investing slip?

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

Are my TD Direct Investing 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 TD Direct Investing 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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