If you’re new to AdjustedCostBase.ca, this guide will help explain how to get started with step-by-step instructions. AdjustedCostBase.ca is a tool that allows Canadian investors to calculate adjusted cost base, a necessary step in determining capital gains. It’s designed to be easy to use and you can register for an account instantly and for free.
When you visit the AdjustedCostBase.ca home page you’ll see several different options for registration and logging in:
The standard registration option involves inputting an e-mail address/username and a password:
You’re not required to enter any other personal information at all in order to register. In fact, you can choose a username that’s not your e-mail address. However, it’s strongly encouraged that you use your e-mail address as your username. Doing so will allow you to reset your password in case you forget it. If you select a username that’s not your e-mail address, unfortunately there won’t be any way to reset your password.
Hit the “Register” button to complete your registration. If all goes well you’ll be brought back to the AdjustedCostBase.ca home page and you’ll see a status message indicating that your registration was successful. If you registered using your e-mail address, you’ll also receive a confirmation e-mail.
Once you’ve registered using the standard registration procedure described above you’ll be able to login using your username and password:
After logging in you’ll be brought to your account where you can start adding securities and transactions:
Registration with your Google Account
In addition to the standard registration process, AdjustedCostBase.ca also allows you to register using your Google account. The choice between the registrations options is yours, but registering using your Google account provides the following advantages:
- You won’t need to remember yet another username and password combination.
- Logging into AdjustedCostBase.ca will be a single-click process if you’re already logged into Google.
At this point you’ll be redirected to Google’s login server. You’ll be prompted to login to Google if you’re not already logged in. Next, Google will ask you whether you wish to grant access to AdjustedCostBase.ca to view your e-mail address:
Note that AdjustedCostBase.ca is requesting permission to view your e-mail address only. We will not be able to access any other pieces of information, nor will we be able to post anything to your account.
To complete the registration process, click on “Accept” and you’ll be redirected back to AdjustedCostBase.ca and a new AdjustedCostBase.ca account will be created for you.
Logging In Using your Google Account
If you’ve registered on AdjustedCostBase.ca using your Google account you’ll be able to easily login using Google any time. To do so, simple click on the Google button under “Login with Google”:
If you’re already logged into Google, a single click of this button will redirect you to Google’s authentication server, redirect you back to AdjustedCostBase.ca and bring you directly into your AdjustedCostBase.ca account. If you aren’t already logged into Google you’ll be prompted to do so before being redirected back to your AdjustedCostBase.ca account.
Even if you’ve used the standard registration process to create an AdjustedCostBase.ca, you may still be able to login using your Google account, as long you’ve registered using your e-mail address and that e-mail address is associated with your Google account. Note, however, that you’ll need to grant permission for AdjustedCostBase.ca to view your e-mail address (as described above) during the first time you authenticate yourself through your Google account.
AdjustedCostBase.ca also allows you to access the service as a guest. This access method does not require you to register or enter any login credentials. But access to your guest account will only last the length of your browser session – any securities and transactions you entered will not be saved for future access. For more information please see the following:
Using AdjustedCostBase.ca – Adding Securities and Transactions
After you’ve successfully created your AdjustedCostBase.ca account, the next step is to add your securities and transactions. Your account will be initially empty, so you’ll need to add all the relevant information from your transaction records in order to calculate the adjusted cost base for the securities you own.
Before adding a transaction, you’ll need to first add a security (since each transaction must to associated with a security). To do so, select the “Add Security” link in the top menu:
You’ll be brought to a form that allows you to add a new security. The only required field is the security’s name (e.g., “TD” in this example):
After hitting the “Add Security” button you’ll be brought the security’s page which will display all the information related to the security:
Now we can add the first transaction for this security. Select one of the “New Transaction” links (highlighted above) and you’ll be brought to a form allowing you to add a new transaction:
In the example above, we’ve entered the following details for the transaction for TD:
- Transaction Type: Buy
- Date: March 23, 2015
- Price: $55.00 per share
- Shares: 100
- Commission: $10.00
After hitting “Add Transaction” you’ll be brought back to the security’s page:
And now you’re on your way. You can now repeat the process to continue adding all your securities and transactions.
To learn more about calculating adjusted cost base and reporting capital gains you can check out the rest of this blog. Here are some good starting points:
- How to Calculate Adjusted Cost Base (ACB) and Capital Gains
- Return of Capital and How it Affects Adjusted Cost Base
- Calculating Adjusted Cost Base with Reinvested Distributions / Dividend Reinvestment Plans (DRIPs)
- Can You Rely on Your Brokerage for Calculating Adjusted Cost Base and Capital Gains?
- What Is the Superficial Loss Rule?