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Calculating Capital Gains on Redemptions of Bonds and Preferred Shares

Often preferred shares are issued with conditions allowing the issuer to redeem the shares after a certain date for a predetermined price (the issuer has the option to redeem the shares, but not the obligation).  Preferred shares can also have a predetermined maturity date, whereby the issuer has the obligation to redeem the shares on […]

Can You Rely on Your Brokerage for Calculating Adjusted Cost Base and Capital Gains?

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 […]

Using AdjustedCostBase.ca to Complete Your Tax Return with SimpleTax

SimpleTax is a web-based tax software application that allows Canadian taxpayers to complete and submit tax returns online.  It’s one of the few tax software packages that’s offered for free (it has a “pay what you want” pricing policy).  It’s fairly easy to use and doesn’t take long to sign up.  Since it’s web-based, you […]

Accessing T-Slips on the Canada Revenue Agency Web Site

The Canada Revenue Agency provides individual taxpayers with online access to certain tax information slips.  This can be helpful for reconciling your own records.  The tax information slips are not complete as only a limited subset of tax slips are provided.  To access your available tax slips online, first log in to the CRA web […]