Personal Finance

Schedule 3 format for Options?

  • Last Updated:
  • Apr 16th, 2018 6:34 pm
[OP]
Newbie
Dec 14, 2017
9 posts
1 upvote

Schedule 3 format for Options?

Not clear as to what information is required, my brokerage has already sent the CRA my T5008. Would the following be correct for selling a naked put that expired?

Number: 10
Name of Corp: WEED Canopy Growth Corp (Do I include the Option type here?)
(1) Year of Acquisition: 2017
(2) Proceeds of Disposition: $800
(3) Adjusted Cost Basis: 0
(4) Outlays and Expenses: $19.95
(5) Gain or Loss: $780.05
1 reply
Deal Addict
Jan 21, 2014
3879 posts
1634 upvotes
EmprosOat wrote:
Apr 16th, 2018 3:28 pm
Not clear as to what information is required, my brokerage has already sent the CRA my T5008. Would the following be correct for selling a naked put that expired?

Number: 10
Name of Corp: WEED Canopy Growth Corp (Do I include the Option type here?)
(1) Year of Acquisition: 2017
(2) Proceeds of Disposition: $800
(3) Adjusted Cost Basis: 0
(4) Outlays and Expenses: $19.95
(5) Gain or Loss: $780.05
You sold the naked put that expired in 2017 too? yeah, that would be how I did it before and never had any issue with CRA. I would put a bit more descriptive name, e.g. WEED Put @25 Jul18 or something like that

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