6 May 2012 TEI Roundtable, 2012-0468931C6 - TEI Conference Q#5 Settlement Date -- summary under Disposition

Notwithstanding the cancellation of IT-133, CRA confirms the continuation of its policy in that Bulletin that the date of disposition of shares is deemed to occur on the settlement date as determined under the rules of the relevant stock exchange. (Typically, the "settlement date" on a disposition of shares is two to three days subsequent to the trade date.) "A disposition does not take place until the vendor is entitled to the proceeds of disposition (on the settlement date)."