Category Archives: Advanced ACB Topics

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 […]

Streamlined Import of Return of Capital and Phantom Distributions and for Exchange Traded Funds (ETFs), Publicly Traded Mutual Funds and Trusts 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 Premium subscribers.  The cost of […]

Adjusted Cost Base and Capital Gains for Stock Options

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 […]

Applying the Superficial Loss Rule for a Partial Disposition of Shares

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 […]

The Capital Gains Exemption on In-Kind Charitable Donations of Stocks, Mutual Funds and Bonds

Charitable donations can be made not only in the form of cash, but can also be made as in-kind contributions of property.  When an in-kind contribution consists of publicly traded shares, mutual funds or bonds, any capital gains realized are eligible for an inclusion rate of zero.  This means that a donor can avoid playing […]