You do wish to report the cost in box 20...as that money would have been the money you yourself invested. You do not want to pay tax on your own money...the actual gain or loss is calculated by subtracting the cost from the proceeds, and then subtracting any outlays (transaction fees). If you do not report an amount in box 20, then CRA will all too happily tax you on the portion which is your own money.
You do wish to report the cost in box 20...as that money would have been the money you yourself invested. You do not want to pay tax on your own money...the actual gain or loss is calculated by subtracting the cost from the proceeds, and then subtracting any outlays (transaction fees). If you do not report an amount in box 20, then CRA will all too happily tax you on the portion which is your own money.
darryl_schreiner
New Member
jake51998
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loismanz
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clemansu
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Timdu21
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