How to Calculate Income Tax for Short term gains

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Chinku
Member since: Oct 05

Posts: 4
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Posted on: 16-03-06 19:39:32

How to calculate short term gains for stock tradings? Does bank give any T4/T5 slips as they give only for dividends & intrests . I think we have to calculate ourselves for buying & selling . Pl. advice

dkp9a
Member since: Mar 06

Posts: 20
Location: GTA
Post ID: #PID

Posted on: 17-03-06 11:29:28

They don't issue any T3 or T5 just gives a statement of transaction, you calc the avg purchaseprice - selling price - brokerage charge that's your capital gain, that's how calculated last year.

Dkp9a

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How to Calculate Income Tax for Short term gains

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