The Canada Revenue Agency treats the taxation of Bitcoin and other cryptocurrency trading in a similar fashion to trading commodities or foreign currency.  When trading Bitcoin/cryptocurrencies on capital account, your adjusted cost base must be tracked in order to calculate capital gains and losses. This article will looks at the case for Canadians where trading […]

Patient Home Monitoring (trading under symbol PHM on the TSX Venture exchange) recently completed a spin-off where each shareholder of PHM received 1 new share of PHM and 1/10th of a share of VieMed (trading under symbol VMD on the TSX Venture exchange) for every common share owned, effective December 22, 2017. PHM released a […]

AdjustedCostBase.ca has released a new feature that provides a fast and easy way for Canadian investors to import the tax information that impacts adjusted cost base and capital gains for many securities including Exchange Traded Funds (ETFs), Publicly Traded Mutual Funds and Trusts. This feature is only available to AdjustedCostBase.ca Premium subscribers.  The cost of […]

The tax consequences of investing with stock options on capital account are complex in comparison to directly investing in stocks.  The tax treatment is as widely varied as the different combinations of opening options transactions (buying/selling put/call options) and closing transactions (the options can expire, can be exercised, or can be bought/sold to close).  When […]

The superficial loss rule defines certain circumstances when capital losses are denied.  The details of the superficial loss rule are discussed here: What Is the Superficial Loss Rule? Here we’ll expand on the superficial loss rule by discussing some cases when a loss can be partially denied instead of being denied in full. When the […]