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Adjusted Cost Base.ca The Free and Easy Way to Calculate ACB and Track Capital Gains |
In a non-registered account, the income from a dividend or distribution can be in the form of interest income, dividend income, foreign income, capital gains, or return of capital. With the exception of return of capital, this income is usually immediately taxable in the year of the distribution. Often mutual fund investors elect to have […]
The Canada Revenue Agency (CRA) requires, in most cases, that taxes be paid on capital gains for all property including investments such as stocks, bonds, mutual funds, and exchange-traded funds. In the simplest form, a capital gain is equal to the proceeds received when selling a property, minus the original cost of the property. As […]
Deleting a Transaction To delete a transaction on AdjustedCostBase.ca, first click on the “Edit” link: Next, click on the “Delete” link below the form on the next page: You’ll then be presented with a confirmation page showing the details of the transaction you’re about to delete: Once you click on the “Delete This Transaction” link, […]
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. Return of capital is a distribution from an investment that is not considered income. It’s common for […]
When an interest-bearing bond is sold before maturity or bought at a price higher or lower than its face value, a capital gain (or loss) will occur at the time the bond is sold (or matures). Therefore, the adjusted cost base of a bond must be tracked. The buying and selling of a bond can […]