I sold some stock at the end of 2014. The "trade date" is listed as Dec 29, 2014, the "settlement date" is listed as Jan 2, 2015. Do I claim the capital gains on my 2014 taxes, or my 2015 taxes? I've seen both responses when I google it.
You will use the settlement date. In your case you will report this disposition on you 2015 return. For more info please see http://www.taxtips.ca/personaltax/investing/taxtreatment/tradeandsettlement.htm
You will use the settlement date. In your case you will report this disposition on you 2015 return. For more info please see http://www.taxtips.ca/personaltax/investing/taxtreatment/tradeandsettlement.htm
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