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W
weppler
April 3, 2022
Question

Should proceeds of settlement take into account commission paid?

  • April 3, 2022
  • 1 reply
  • 0 views
in securities transaction should proceeds of settlement take into account commission paid?

    1 reply

    A
    Antomeister
    April 7, 2022

    As per the Canada Revenue Agency (CRA), you are not allowed to deduct any expenses to the Proceeds of disposition/settlement amount. However, in Box 20 - Cost or Book value, you may add the expenses associated to buying/selling the security.

     

    For more information, please see the following links from the Canada Revenue Agency (CRA):

    Box 20 - Cost or Book Value

    Box 21 - Proceeds of Disposition

     

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