Reporting capital gains on a security when it was purchased and sold multiple times

eednapes wrote: ↑ Let's say I bought a stock 5 times at different prices. I then sold all of it in 3 separate transactions. I have the ACB and all the details.

My question is, do i have to report 3 separate capital gains (or losses) corresponding to the 3 sales? Or can I just add the gains/losses together and submit it as one transaction?

Thank you

PS. Out of curiosity, these people who do day trading or just do a lot of trades.... do they have to report each gain/loss with every sale? Or can they just add everything up and report it once?
For example, someone who has 1000 sells a year on 1000 different stocks (for simplicity, let's say this trader, every time he wants to sell a stock, sells the entirety of his shares in that stock): does he need to fill out the schedule 3 a 1000 different times? Or can he just add all the capital gains and losses and just report it as one transaction?

Scote64 wrote: ↑ You can group the reporting, assuming you didn't receive separate T5008 slips for each sale. But your backup had better show the correct ACB and date/amount of sale for each individual transaction. It may even include multiple transactions for a single sale if a large lot of stock wasn't all sold at the same price. If it was a foreign stock (like USD), you have to use the exact exchange rate of the day of sale and the day of acquisition. Yes, this level of recording and calculation is a pain unless it's all automated, but it's what the CRA demands to correctly calculate the capital gain.

Scote64 wrote: ↑ You can group the reporting, assuming you didn't receive separate T5008 slips for each sale. But your backup had better show the correct ACB and date/amount of sale for each individual transaction. It may even include multiple transactions for a single sale if a large lot of stock wasn't all sold at the same price. If it was a foreign stock (like USD), you have to use the exact exchange rate of the day of sale and the day of acquisition. Yes, this level of recording and calculation is a pain unless it's all automated, but it's what the CRA demands to correctly calculate the capital gain.

DaveTheDude wrote: ↑ Sales should be reported individually to determine if losses are allowable. For example if you sold at a loss and re-bought the same stock within 30 days you have a superficial loss that is not deductible against other gains.

eednapes wrote: ↑ Interesting. So to take this further, let's say you buy a 100 shares of a stock On April 1 at $10. Then on April 2 you sell 20 at $9. And on April 5 you buy 30 at $8.
So even though you didn't sell everything, the part that you sold at a loss will not count as a deductible capital loss?