I need some guidance on the purchase of flow though shares (limited partnership) and the disposal of same.
Does the investor (taxpayer) get to deduct the total investment, and if so where do I put that?
I have read that on the disposal of the shares the proceeds are the total gain since the cost is deemed to be zero. Am I right?
I have a T5013 for the investment. Most of the boxes can be filled out on the Profile T1 and translate properly, just not the initial investment (boxes 150, 151, 152).
Any help would be appreaciated!
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Flow through shares T5013 and T5004
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