 |
Adjusted Cost Base.ca The Free and Easy Way to Calculate ACB and Track Capital Gains |
Occasionally a stock split occurs whereby the number of shares in a corporation is increased. For example, a 2-for-1 stock split doubles the number of outstanding shares. Each share is essentially divided into 2, such that each shareholder owns twice as many shares after the split occurs. All else being equal, the market capitalization will […]
You may own the same security in both your non-registered account and registered accounts (TFSA, RRSP, RRIF, RESP, and RDSP accounts). As discussed, adjusted cost base should be calculated jointly when an identical security is owned in multiple non-registered accounts. Transactions in registered accounts should not be considered when calculating ACB. Securities in registered accounts […]
AdjustedCostBase.ca provides a feature that allows you to have multiple portfolios in a single account. This feature allows you to manage and calculate multiple sets of ACB’s using a single AdjustedCostBase.ca account. This feature should be used for the following: To separate ACB calculations between a personal account and a corporate account. To calculate ACB […]
When adding a new security on AdjustedCostBase.ca, you’re presented with two optional fields: Initial Shares Initial Adjusted Cost Base The purpose of this feature is to allow you to specify initial values for the number of shares and the ACB if you’ve previously calculated your ACB using another method (with another tool, using a spreadsheet, […]
The Canada Revenue Agency requires taxpayers to report capital gains on foreign currency when the transactions are on capital account. Adjusted cost base must be calculated in Canadian dollars in a similar fashion to securities. When you convert Canadian dollars into a foreign currency, the adjusted cost base is established in Canadian dollars. When the […]