RE:Pay Day JAN 14th 2022 @ .1875 cents USD TimeBuilder wrote: Believe that TODAY is the Record Date to collect
;>O
But Stand to be corrected
From TD Waterhouse: "If you would like to sell a publicly traded security to realize a capital gain or loss for tax purposes in 2021, the order would need to be filled no later than Wednesday, December 29, 2021, to settle on time."
Further: When investments such as stocks, bonds, etc. are purchased or sold, there are two important dates - the trade date, and the settlement date.
The trade date is the day on which the transaction occurs, and the settlement date is the day on which payment is made, and possession transfers from the seller to the buyer.
Last Trading Date 2021
The last trading date for 2021 for Canadian and US publicly traded stocks will be Wednesday December 29th in order to record the gain or loss in the 2021 taxation year. Canadian stocks purchased or sold after this date are settled in 2022, so any capital gains or losses on sale apply to the 2022 tax year instead of to the 2021 tax year.