weppler
Returning Member

Should proceeds of settlement take into account commission paid?

in securities transaction should proceeds of settlement take into account commission paid?

Getting started

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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