RE:RE:RE:RE:RE:ACB treatment of the Special dividendkraftdinner wrote:
I don't believe I have recieved the Cash in Lieu portion. My brokerage website does not provide a running cash balance by transaction (like a cheque book) and the activity page shows a STKDIV of 102 shares for $1940.00. Having a lengthy period of experience to get to know this broker I believe they kept the $9.14 as I see similar discrepancies with over the counter trades in the US dollar account where the activity page does not match the trade receipts.
Even though I think of the brokerage slippage and obfuscation as financial industry deceitfulness and find it annoying I don't feel the need to argue with them about how I received this stock dividend. I agree in a TFSA account you don't need to worry about average cost though my broker seems to as they have reduced the average cost for some REIT shares I have there to $0.14 each, losses in that account are truly losses though. These shares I have in a taxable account though so in addition to the corporate structure, management, and business environment, I need to pay some attention to my tax liability. I have confidence the dividend money is still money regardless of how they classify it. I am trying to follow the rules.
Today I recieved $8.25, the activity page of the brokers websites designates the action as CIL.
This is how I recorded the special dividend in case I am ever questioned about things,