ECN, broker fees and taxation : ACB or expense in the year?
Greetings,
2021 was a good year.
I finally topped my TFSA and started a margin account with Questrade.
Tax time is upon us and I am wondering what to do with ECN fees and stock purchase related broker fees.
Do they increase my ACB for each stock or do I deduct them as financial fees in the year I encountered them.
Cheers, and thank you all. This is a great forum, and I learned a lot.
2021 was a good year.
I finally topped my TFSA and started a margin account with Questrade.
Tax time is upon us and I am wondering what to do with ECN fees and stock purchase related broker fees.
Do they increase my ACB for each stock or do I deduct them as financial fees in the year I encountered them.
Cheers, and thank you all. This is a great forum, and I learned a lot.
