Adding a portfolio

Content also available for New Zealand and Australian tax entities or on our global site.

Add additional portfolios to your Sharesight account in order to track multiple trade or broker accounts and tax entities, making tax time a breeze.

Note: Adding additional portfolios is only available on premium plans: Investor plan or Expert plan and Sharesight Pro plans.
Recommendation: Create a separate portfolio for each tax entity that you wish to manage in Sharesight.

1 – Click on the portfolio dropdown menu, at the top right of any page. The name displayed is your current portfolio name.

step 1 - Adding a portfolio

2 – Click on ‘Upgrade to add a Portfolio’ if you are on the Free plan or have utilised all the portfolios in your current plan.

Otherwise click on ‘Create new portfolio’.

step 2 - Free plan - Adding a portfoliostep 2 - Premium plan - Adding a portfolio

3 – If you selected ‘Upgrade to add a Portfolio’, the Plan page will load and you will need to upgrade your plan to add an additional portfolio.

If you selected ‘Create new portfolio’, the ‘Create a new Portfolio’ page will load.

4 –- Type in the Portfolio name; this is the display name used for the portfolio within Sharesight.

Note: You can edit the Portfolio name in the settings tab.

step 4 - Adding a portfolio

5 – Select the country of the tax residency of the portfolio from the dropdown menu. The tax residency of a portfolio determines the portfolio currency, tax settings and reports.

Note: The tax residency cannot be changed once the portfolio is created.

step 5 - Adding a portfolio

6 – From the dropdown menu, select the month which marks the end of your portfolio’s financial year. For example, choosing December as the end of the financial year means a January 1 to December 31 financial year.

Note: You can edit the end of the financial year in the settings tab.

step 6 - Adding a portfolio

7 –- Select the performance calculation method from the dropdown menu to be either ‘Simple’ or ‘Compound’. This determines whether percentage return figures are calculated using the simple method or the compound method.

Note: You can edit the performance calculation method in the settings tab.

8 -– Type in the percentage of ‘inclusion rate’; this applies the appropriate Capital Gains Tax (CGT) discounts when running the CGT Report Look at the Canada Revenue Agency website to work out your inclusion rate percentage.

step 7 & 8 - ca - Adding a portfolio

9 –- Select the ‘Tax Entity Type’; this sets the CGT percentage discount:

  • Non-registered - standard tax rules apply (default).

  • Registered Retirement Savings Plan (RRSP) - Non-resident withholding tax does not apply for US stocks.

  • Registered Retirement Income Fund (RRIF) - Non-resident withholding tax does not apply for US stocks.

  • Tax-Free Savings Account (TFSA) - Income from Canadian investments will be treated as no-taxable by default and not appear on the Taxable Income Report. Non-resident withholding tax still applies.

Note: You can edit the Tax Entity Type in the settings tab.

10 – Click ‘Create Portfolio’.

step 9 & 10 - ca - Adding a portfolio

The portfolio will then be created and the ‘Let’s get started by adding some trades’ page will load. You can now add your investment to Sharesight either by:

Last modified on June 14, 2018 UTC