RE:RE:RE:DividendsBldwealth wrote: So, if I've paid a total of approx $130,000 for my 20,000 shares, and earned $4700 in payments of ROC from DGS, do I simply reduce my amount paid by $4700 which will then increase the capital gain by that same amount on the Schedule 3 form section 3 where I'm listing my publicly traded shares. I don't see anywhere else on schedule 3 to enter ROC.
You wouldn't report on your income taxes until you sell.
You do have to update your ACB for your own records.
For example; using your #'s
$130,000/20,000=$6.50/share
$130,000-$4,700 ROC=$125,300/20,000 shares = $6.265/ share. This is your ACB (adjusted cost base) The share price you would use for income taxes on schedule 3 AFTER you sell.
That's the basics. Someone else can chime in if they disagree.