Tracking Adjusted Cost Base with Multiple Brokerage Accounts

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When an individual owns the same security in multiple trading/brokerage accounts, adjusted cost base should not be calculated separately for each account. It may seem as though you should calculate adjusted cost base separately for each account, but the Canada Revenue Agency (CRA) requires that it be calculated jointly, as if all brokerage accounts were […]

Can My Adjusted Cost Base be Negative?

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Although rare, the situation can occur where you receive a ROC (return of capital) distribution that exceeds your adjusted cost base. Since ROC normally has the affect of reducing ACB, the question arises: should your ACB be reduced to a negative value in such a case? The short answer is no, your ACB cannot go […]