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Email this9:24 pm
February 20, 2018
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Is it sold net amount minus buy net amount to arrive at gain or loss for stocks or gross amount before commission
9:57 pm
September 6, 2020
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Sell - cost = capital gain. Commissions not included since you would claim them as investment expenses.
Have a Great Day
5:21 am
September 11, 2013
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Actually it's gross proceeds less selling commission less commission-included cost, in the simple case of one purchase event, one subsequent sell event.
Can't claim commissions as "investment expenses".
6:35 am
September 6, 2020
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You are correct.
Have a Great Day
10:22 am
February 20, 2018
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So its buy gross amount before commission minus sold gross amount before commission = capital gain or loss
11:05 am
September 11, 2013
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Don't know how you get that from post #3, Bud.
12:09 pm
April 6, 2013
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Schedule 3 of the T1 General return is where capital gains are reported.
It is quite obvious from the form what amounts are needed and that the three amounts are what Bill listed.
The form also mentions the T4037 Capital Gains guide that has details for more complicated scenarios.
12:30 pm
March 30, 2017
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Bud said
Is it sold net amount minus buy net amount to arrive at gain or loss for stocks or gross amount before commission
I will give u a simple example:
Buy $10000 + $10 commission
Sell $11000 + $10 commission
Your capital gain is $980. 50% of that will be taxable.
Hope it is clear now....
6:46 am
February 20, 2018
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savemoresaveoften said
I will give u a simple example:
Buy $10000 + $10 commission
Sell $11000 + $10 commissionYour capital gain is $980. 50% of that will be taxable.
Hope it is clear now....
Subtract commissions/fees then from buy n sell order to come up with capital gain or loss. In this case a $1,000 gain minus commissions of $20 leads to the final capital gain of $980 reported on tax return.
Reverse if it was a loss the final loss would be after commission is subtracted out:
Sell $10000 + $10 commission
Buy $11000 + $10 commission
Loss = $980
Bottom line subtract commission trading fees out of calculation
7:14 am
March 30, 2017
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Bud said
Subtract commissions/fees then from buy n sell order to come up with capital gain or loss. In this case a $1,000 gain minus commissions of $20 leads to the final capital gain of $980 reported on tax return.
Reverse if it was a loss the final loss would be after commission is subtracted out:
Sell $10000 + $10 commission
Buy $11000 + $10 commission
Loss = $980Bottom line subtract commission trading fees out of calculation
wouldnt loss be $1000 + $20 = $1020
10:05 am
September 11, 2013
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I agree, savemoresaveoften.
10:34 am
April 6, 2013
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That's right:
| (2) Proceeds of disposition |
(3) Adjusted cost base |
(4) Outlays and expenses (from dispositions) |
(5) Gain (or loss) (column 2 minus columns 3 and 4) |
$10,000.00 | $11,010.00 | $10.00 | ($1,020.00) |
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