I acquired some stocks several years back (maybe 1975-ish when it was first introduced at $10.00/share). Unfortunately I have no recollection or receipt for the purchase. Whatever supporting documents I had at the time are now gone. Since the stock acquisition the stocks have split 3 to 1 once, were bought out by another group, split 2 to 1 I think and changed it's name from AEC to ECA. While I can and have traced the movement of the stock via old newspapers et cetera, I still can not say what value I acquired the stock.
Q. - How can one declare the gain, for tax purposes, WITHOUT an original purchase receipt?
Q. - Could the $10.00 /share initial share issue value be used to calculate the gain from a sale of the stock?
An Interesting site. 0
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david ingram replies:
In 43 years in this business I can NOT remember a single time that the IRS or CRA asked for the original documentation on the sale of a single stock.
That does not mean that you should just 'make up' a figure but using the best recollection of $10.00 a share seems like a valid figure to me, particularly if you can show that 'that' was the price at the approximate time you bought or acquired the stock witha old DOW or TSE or VSE listing.
From one sailor to another
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Are you living on the boat now?
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This is not intended to be definitive but in
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$800 would be one T4 slip one W2 slip one or two
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or capital gains - you did not move into or out of the country in this
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$1,000 would be the same with one rental
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TDF 90-22.1 forms are $50 for the first and $25.00
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18 RRSPs would be $900.00 - (maybe amalgamate a
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Capital gains *sales) are likely $50.00 for
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