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Returning Member
posted Apr 3, 2022 12:52:45 PM

Should proceeds of settlement take into account commission paid?

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

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1 Replies
Level 4
Apr 6, 2022 5:37:54 PM

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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