AdjustedCostBase.ca now offers a streamlined method for importing phantom distribution and return of capital transactions for many exchange traded funds (ETF’s), publicly traded mutual funds, income trusts and real estate investment trusts (REITs).  Learn more about this feature. A phantom distribution (or reinvested capital gain distribution or notional distribution) occurs when an exchange-traded fund (ETF) […]

When you incur a capital loss, the Canada Revenue Agency gives you 3 options: Apply the capital loss to the current tax year. Carry the capital loss backwards to any of the three previous tax years. Carry the capital loss forward to any future year. If you have a capital gain in the currency tax […]