How Important is income accuracy for the CRA?

G

GotherL

I am having a hard time decoding my trading activity it's all mumbo jumbo. I can't tell if I am depositing or withdrawing out of my account. I figured I lost about $2000 with this broker after fees and interest. If I report $2000 and was off $100 what is gonna happen? Will they launch an investigation or is the amount to small?
 
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You can use your T5008 issued by the broker and just back out positions carried into the next calendar year. This should get you close to the right number for capital gains/losses. You can report some fees and interest on your line 221.
 
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