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Adjusted Cost Base.ca The Free and Easy Way to Calculate ACB and Track Capital Gains |
In order to use AdjustedCostBase.ca effectively, you’re encouraged to register for an account so that you can access the data you’ve entered any time. But you also have the option of using a “Guest Account.” With a guest account, you can access all the features of AdjustedCostBase.ca that a registered user can access. However, any […]
AdjustedCostBase.ca allows you to download data in a spreadsheet format. This can be useful for the following reasons: You can keep backups of your data. It’s always good practice to save backups of any data periodically. It can allow you to view the data locally and perform your own calculations. Data can be downloaded for […]
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. A phantom distribution (or reinvested capital gain distribution or notional distribution) occurs when an exchange-traded fund (ETF) […]
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 […]