Calculating adjusted cost base and capital gains can be a very onerous task.  Canadian investor may question the need to do this themselves when they feel it should be their brokerage’s responsibility.  Unfortunately, brokerages are not required to provide their customers with information on adjusted cost base and capital gains.  In fact, in the general […]

For tax purposes, it’s important to understand the distinction between the trade date and the settlement date: The trade date is the date on which you purchase or sell shares/units. The settlement date is the date on which you begin to legally begin own the shares (in the case of purchase) or cease to own […]

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 […]

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 […]