🇨🇦 Built specifically for Canadian Investors & Corporations

Stop Wrestling with IBKR Tax Reports in Canada.

Interactive Brokers reports are built for the US. We convert your CSV statements into perfect, CRA-compliant Adjusted Cost Base (ACB) summaries. Now supporting Custom Fiscal Years for Corporations.

Calculate Your Taxes Now

No signup required. 100% private processing.

Why the default T5008 isn't enough

Using standard US brokerage reports in Canada can lead to overpaying taxes, failing corporate fiscal year requirements, or triggering CRA audits.

The IBKR Default Way

  • ❌ Uses US FIFO: Calculates capital gains based on First-In-First-Out, violating CRA rules.
  • ❌ Calendar Year Only: T5008 forms are strictly Jan-Dec, making them useless for Corporations with off-calendar fiscal years.
  • ❌ Currency Mess: Often uses average exchange rates instead of the exact Bank of Canada daily rate.
  • ❌ Options Chaos: Assigned options are tracked separately, forcing manual premium merging.
THE SOLUTION

Our CRA Smart Engine

  • ✅ True ACB Calculation: Automatically calculates the Weighted Average Cost Base across all your history.
  • ✅ Corporate Fiscal Years: Easily set custom Start and End dates to generate Schedule 6 reports for T2 returns.
  • ✅ Bank of Canada Rates: Converts every trade and dividend perfectly to CAD using official daily rates.
  • ✅ Multi-File Upload: Easily merge years of IBKR CSV history in one click to build a perfect tax profile.

Frequently Asked Questions

Why can't I just use the Interactive Brokers T5008 form?
Interactive Brokers is a US-based platform. Their default reporting logic relies on FIFO (First-In-First-Out) valuation. The Canada Revenue Agency (CRA) explicitly requires you to calculate an Adjusted Cost Base (ACB) using a weighted average for identical properties (like stocks). Our tool rebuilds your entire transaction history to meet Canadian standards.
Does this work for Canadian Corporations (T2 Returns)?
Yes! In fact, we built a specific mode for Corporations. Since standard T5008 forms only cover the calendar year (Jan-Dec), they are useless for corporations with custom fiscal years (e.g., March to February). Our app lets you set your exact Corporate Fiscal Year dates and generates the perfect Capital Gains report required for Schedule 6.
Why do I need to upload multiple years of history?
To accurately calculate your capital gains for a sale today, the engine must know when you originally bought those shares to determine the correct ACB. By uploading all your past IBKR CSV files at once, our system merges them automatically to get the full picture, but it will only display the tax events for the specific year you select.
Is my financial data safe and private?
Absolutely. We take privacy seriously. Your CSV files are processed entirely within the temporary memory of the server instance. We do not use databases to store, harvest, or track your personal trade history. Once you close the calculator tab, your data is erased completely.
What exactly do I get after paying?
You unlock an official CRA Tax Return Summary with the exact numbers you need to input into your tax software (like Wealthsimple Tax or TurboTax) or give to your accountant. This includes your Capital Gains summary, Foreign Dividends, and Foreign Tax Credit, along with downloadable, highly detailed CSV breakdown files.
I have a specific question. How can I contact support?
We're here to help! If you encounter any issues with parsing your statement or have questions about the calculation logic, please email us directly at admin@brokertaxcalc.com and we will get back to you as soon as possible.