Jun 292020
 

Transaction codes

Over the years I have seen many different types of activities in my bank accounts. But sometimes I don’t know what the transaction codes mean. And I’m left scratching my head as to what I’m being paid or charged for.

transaction codes can be difficult to understand sometimes.

So to make life easier I’ve compiled a list of account actions with the different abbreviations and what they represent. Most of these transaction codes will apply to TD Canada Trust and Direct Investing accounts. I don’t know if other institutions use the same bank codes but they will probably look similar. πŸ™‚

Use Ctrl+F to find a specific code.

  • ACCT BAL REBATE – Account balance rebate
  • BUY – Buying a security.
  • COB DIS CREDIT – Cost of Borrowing credit for over charging
  • CONVER – A security in the portfolio underwent a corporate action in which it was exchanged for another security.
  • CSHLIEU – Cash was awarded for partial shares in a corporate action in which shares of a new security were exchanged or when a split has taken place.
  • CXLSELL – Original sell trade was cancelled due to a system error.
  • CXLBUY – Original buy trade was cancelled due to a system error.
  • CXLDIV – Dividend payout was cancelled due to a system error.
  • CXLINT or CXLINTBND – Interest paid on a bond was cancelled due to a system error.
  • CXLINTCRD – Interest received for cash held in a portfolio was cancelled due to a system error.
  • CXLINTDEB – Interest paid on a margin loan was cancelled due to a system error.
  • DIV – A dividend was paid.
  • DIVFRG – Foreign dividend earned.
  • DIVSPL – A stock held in your portfolio split or new shares have been added to the portfolio.
  • DRIP – Shares or units bought using the dividend re-investment plan
  • EXCH – Exchange of securities.
  • FEE Fee or carrying charge applied.
  • INT –Β  Interest on a security has been paid.
  • INTBND – Interest has been paid on a bond in the portfolio.
  • INTCRD – Interest was received for cash held in your portfolio.
  • INTUS – Interest earned in US dollars.
  • INTDEB – Interest was paid on a margin loan.
  • LQD – A liquidation of a security has taken place.
  • MERGER – Company merged with another company and has a new ticker symbol. Both symbols will be listed.
  • NRT – Non-resident tax.
  • PRNCPL – Security has been redeemed for cash.
  • REDEEM – Security has been redeemed for cash.
  • REVSPLT – A stock in your portfolio experienced a reverse split.
  • SELL – A security in the portfolio was sold.
  • SEND E-TFR – Sending an E-Transfer to someone.
  • SHORT COVER – Closing of a short position by covering the short.
  • SHORT SELL – A short position was opened and stocks were short sold.
  • SPNOFF – A spinoff of a parent company has taken place. Look for shares of a new security.
  • STK EX – The ticker symbol, CUSIP, or the company name changed for a security that was in your portfolio.
  • TENDER – A security has been redeemed for cash.
  • TXPDDV – Tax paid dividend. A cash transfer that can include dividends, interest, capital gains distribution or return of capital where no additional taxes will be paid by you. This is common for Canadian ETFs or income trusts.
  • TSF FR – Transfer from.
  • TFR-IN – Transfer into an account.
  • TFROUT – Transfer out from account.
  • WBD – Β Transfer in of money from another account – usually the description will include TSF FR (account number.)
  • WHTX02 – Withholding tax from a U.S. stock or other security.

 

Keep in mind that these banking codes may be different than what will ultimately appear on your year-end tax slip. Sometimes banks and brokerages use default designations for convenience and may vary from the tax documents they send to you and the CRA. Whether you are using WebBroker or another online service make sure to ask a representative if you are unsure of any activities in your account.

Other codes you may see

Additional codes and descriptions from TD’s website:

CodesDescriptionCodesDescription
ACRAutomated CreditADMAutomated Debit
ADRAuthorized DebitAGRAgriculture Stabilization
AIDAutomatic InterestANNAnnuity
APMAuthorized/Automated PaymentAPYAutomated Payroll
CBCashbackCCCertified Cheque
CCQCustomer ChequesCDCCanadian Dairy Commission
CFSCanadian Forces SuperannuationCHQCheque
CLSClose AccountCMCredit Memo
CORCorrectionCPCCPC Direct Deposit
CPNCoupon CreditCPPCPP Direct Deposit
CRCCredit CorrectionCSBCanada Savings Bond
CTBChild Tax BenefitDELDebit Deletion
DEPDepositDIVDividend
DMDebit MemoDRCDebit Correction
FAFamily Allowance Direct DepositFEDGeneral Government Payment
FSCForeign ABM S/CFWDForward
GCTD Canada Trust Access Card Transaction (Other Branch)GMDGreen Machine Deposit
GMPGreen Machine Bill PaymentGMTGreen Machine Transfer
GMWGreen Machine WithdrawalGST.Goods and Services Tax
ICRInterest CreditIDRInterest Debit
INSInsurance PaymentINWInterac Withdrawal
LCRLoan ProceedsLDRLoan Payment
LINLoan InterestMLDMail Deposit
MTGMortgage PaymentNRTNon-Resident Tax
NSFNSF ChargeOASOld Age Security Direct Deposit
ODCOverdraft ChargePAYPayroll Credit/Wages
PENPensionP/CPurchase/Cashback
PRPurchase/ReturnPSAPublic Service Superannuation
PSCPurchase Service ChargePTCPersonal Transfer Credit
PTDPersonal Transfer DebitPTSPersonal Transfer
PURPurchasePWPlus ABM Withdrawal
REORe-Open Account, Close Account CorrectionRIFRIF Deposit
RTDReturned ChequeRSPRSP Contribution
SCService ChargeSDBSafety Deposit Box Rent
SKSafekeeping ChargeTAXTax Refund
TCRTransfer CreditTRMTerm Investment
UCNUnclaimed Balance NoticeUIUnemployment Insurance
UGMUS Dollar GM WithdrawalUPDUpdate
VWVisa ABM WithdrawalWDWithdrawal
WHTWithholding TaxWTCDebit Reversal Correction
WTRWithholding Tax ReversalWVAWar Veteran’s Allowance Direct Deposit

Tax Payment & Filing Description Codes

FEDERAL

Tax Payment TypeDescription Code
Payroll deductions – Threshold 1 – Twice monthly (source deductions $15M – $50M monthly)EMPTX
Payroll deductions – Threshold 2 – Weekly (source deductions over $50M monthlyEMPTX
Payroll deductions – MonthlyEMPTX
Corporate TaxTXINS
Personal Tax InstallmentsTXINS
GST Return (GST34)GST34
GST Remittance (GST58)GST58

PROVINCIAL – Alberta

Tax Payment TypeDescription Code
Alberta Teachers’ Retirement PaymentATRF
Alberta Teachers’ Association PaymentATA
Alberta School Employee Benefit PaymentASEBP
Alberta School Employee Health Spending AccountASEHS

PROVINCIAL – British Columbia

Tax Payment TypeDescription Code
Social Service Tax (Provincial Sales Tax)BCSST

PROVINCIAL – Nova Scotia

Tax Payment TypeDescription Code
Workers’ Compensation BoardWCBNS

PROVINCIAL – Ontario

Tax Payment TypeDescription Code
Family Responsibility Office, Ministry of the Attorney GeneralMAG
Employer Health TaxONEHT
Provincial Corporations TaxONCT
Retail Sales Tax (return)ONRST
Retail Sales Tax (payment)ONRST

PROVINCIAL – Quebec

Tax Payment TypeDescription Code
Combined Sales Tax and GST (TVQ & TPS)TXIN
Combined Sales Tax and GST InstallmentDECOR
Corporate Installment RemittanceGSTIN
G.S.T. InstallmentGST
G.S.T. RemittancePAY
Payroll Source Deductions – MonthlyPAY
Payroll Source Deductions – Twice monthlyPAY
Payroll Source Deductions – WeeklyCOREC
Personal Installment RemittanceTXIN
Sales Tax Installment (QST)QSTIN
Sales Tax Remittance (TVQ)TVQAP
Support PaymentsRPPAQ
Remittance of Source Deductions (Quarterly)PAY

PROVINCIAL – Saskatchewan

Tax Payment TypeDescription Code
Provincial Sales TaxSKTAX
Corporate Capital Tax InstallmentSKCOR
Fuel TaxSKFUL
Liquor Consumption TaxSKLQR
Retailer Tobacco TaxSKTOB
Wholesale Tobacco TaxSKTOB

 

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Random Useless Fact:

Β The world’s oldest stock market began in Belgium in 1460.

 

 

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RICARDO
RICARDO
06/29/2020 6:38 am

GST = Gouge and Screw Tax

RICARDO

TXPDDV
TXPDDV
07/02/2020 5:01 am

“TXPDDV” confuses me. I think all my ETF distributions have this code (I use TD WebBroker too), but I still owe income tax on these distributions (except in RRSP and TFSA, of course). Thank you for bringing-up this topic!

Money Mechanic
07/10/2020 4:58 pm

Wow, great list! I always wondered what TXPDDV was when I saw it, but was too lazy to look it up. I knew it was something about tax and dividend. LOL