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Should proceeds of settlement take into account commission paid?
in securities transaction should proceeds of settlement take into account commission paid?
April 3, 2022
12:52 PM
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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 21 - Proceeds of Disposition
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April 6, 2022
5:37 PM