

9:24 pm
February 20, 2018

9:57 pm
September 6, 2020

5:21 am
September 11, 2013

6:35 am
September 6, 2020

10:22 am
February 20, 2018

11:05 am
September 11, 2013

12:09 pm
April 6, 2013

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

6:46 am
February 20, 2018

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

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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