Q: I hold DYNAMIC ACTIVE GLOBAL DIVID ETF UNITS (DXG) and the bank has sent me a T3 slip (Box 21) indicating I have earned $5384 as a capital gain. I didn't sell my ETF. I thought you report gain or loss only after you sell in a calendar year.
If I would have sold my ETF on Dec 22 my gain would be close to 10K how did they come up with only 5384.
I call my bank and they advise slip was generated "Non-cash distribution as part of the phantom payment." however I didn't receive any money.
Can you please advise do I have to report this gain or report when I actually sell the units?
I do my own Taxes. Any advice would be appreciated.
Thanks for the great service.
If I would have sold my ETF on Dec 22 my gain would be close to 10K how did they come up with only 5384.
I call my bank and they advise slip was generated "Non-cash distribution as part of the phantom payment." however I didn't receive any money.
Can you please advise do I have to report this gain or report when I actually sell the units?
I do my own Taxes. Any advice would be appreciated.
Thanks for the great service.