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Enbridge Income Fund Holdings (ENF) Acquisition by Enbridge (ENB): Implications for Adjusted Cost Base

In 2018 Enbridge Inc. (ENB) completed its plan to acquire all outstanding shares of Enbridge Income Fund Holdings Inc. (ENF).  Under the arrangement, ENF shareholders received: 0.7350 shares of ENB, and a cash payment of $0.45 for each share of ENF held on November 15, 2018.  An ENF shareholder also received an accrued ENF dividend […]

Capital Gains when Trading Bitcoins and other Cryptocurrencies

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 […]

Tax Consequences of the Patient Home Monitoring (TSXV:PHM) / VieMed (TSXV:VMD) Spin-Off

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 […]

Importing Transactions Into from a Spreadsheet provides a feature to premium subscribers allowing transactions to be uploaded in bulk from a spreadsheet into the ACB calculation engine.  Accepted file formats include Microsoft Excel (both .xls and .xlsx files) as well as CSV (.csv comma-separated value files). This feature is only available to Premium subscribers.  The cost of the enhanced […]

Annual Capital Gains PDF Reports on includes a feature, available to Premium subscribers, for generating an annual report of all capital gains and losses incurred. This feature is only available to Premium subscribers.  The cost of the enhanced service is $49/year.  The basic features of remain completely free for Canadian investors. This report is generated as a […]