{"id":603,"date":"2013-04-22T16:34:05","date_gmt":"2013-04-22T16:34:05","guid":{"rendered":"https:\/\/thor.ca\/\/blog\/?p=603"},"modified":"2025-02-12T13:29:32","modified_gmt":"2025-02-12T21:29:32","slug":"cra-confirms-date-of-disposition-for-shares-sold-on-an-exchange","status":"publish","type":"post","link":"https:\/\/www.thor.ca\/blog\/2013\/04\/cra-confirms-date-of-disposition-for-shares-sold-on-an-exchange\/","title":{"rendered":"CRA confirms date of disposition for shares sold on an exchange"},"content":{"rendered":"<p>In <a href=\"http:\/\/www.thor.ca\/wp-content\/uploads\/2013\/04\/2012-0468931C6.pdf\">2012-0468931C6<\/a>, the CRA confirmed that the date of disposition for shares sold on a stock exchange is the &#8220;settlement date&#8221;.  When shares are sold on a stock exchange, typically the settlement date is two or three days after the trade date.  The CRA\u2019s long-standing position in IT-133 has been that this settlement date is the date of disposition for income tax purposes.  The CRA&#8217;s legal rationale for this position is that \u201cdisposition\u201d is defined in s. 248(1) to include \u201ca transaction or event entitling a taxpayer to proceeds of disposition\u201d (s. 248(1)).  In the CRA&#8217;s view, a taxpayer becomes entitled to sale proceeds on the settlement date.  In <a href=\"http:\/\/www.thor.ca\/wp-content\/uploads\/2013\/04\/2012-0468931C6.pdf\">2012-0468931C6<\/a>, the CRA confirmed that the foregoing remains its view notwithstanding the cancellation of IT-133.      <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In <a href=\"http:\/\/www.thor.ca\/wp-content\/uploads\/2013\/04\/2012-0468931C6.pdf\">2012-0468931C6<\/a>, the CRA confirmed that the date of disposition for shares sold on a stock exchange is the &#8220;settlement date&#8221;.  When shares are sold on a stock exchange, typically the settlement date is two or three days after&hellip;<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-603","post","type-post","status-publish","format-standard","hentry","category-corporate-tax"],"_links":{"self":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/comments?post=603"}],"version-history":[{"count":1,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/603\/revisions"}],"predecessor-version":[{"id":2781,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/603\/revisions\/2781"}],"wp:attachment":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/media?parent=603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/categories?post=603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/tags?post=603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}