Welcome to ACB Tracking!
This unique website application was created to make it easy for Canadian accountants, investment advisors and investors to calculate the adjusted cost bases of income and royalty trusts, closed-end funds, split share corporations, and exchange traded funds.
Canada Revenue Agency requires investors to accurately calculate an adjusted cost base (ACB) for tax purposes when these investments are sold. A very large percentage of these funds pay monthly distributions that include an amount that is a tax deferred return of capital (ROC). Each of these ROC amounts reduces the ACB of the investment and must be accumulated to arrive at the accurate ACB used to calculate the capital gain or loss upon disposition. Tracking the ROC amounts is an extremely tedious and time-consuming process.
We have the distribution and ROC data on the nearly 600 trusts and funds currently listed, and are adding new funds as they are created. You simply enter your buys and sells, and ACB Tracking quickly and accurately calculates the adjusted cost base taking into consideration splits, consolidations, mergers, and phantom distributions. Phantoms add to the ACB – you definitely do not want to miss these! Developed by investment professionals averaging over 30 years of experience, our website can be used with ease and confidence.
If you are a registered user who has purchased calculations, upon request we will advise you via e-mail when specific funds or trusts have reported distribution and return of capital data for the most recent taxation year. This will save you even more time! Click on the Tutorials tab now, and within minutes you will see how calculating adjusted cost bases and capital gains and losses can be….
Canada Revenue Agency requires investors to accurately calculate an adjusted cost base (ACB) for tax purposes when these investments are sold. A very large percentage of these funds pay monthly distributions that include an amount that is a tax deferred return of capital (ROC). Each of these ROC amounts reduces the ACB of the investment and must be accumulated to arrive at the accurate ACB used to calculate the capital gain or loss upon disposition. Tracking the ROC amounts is an extremely tedious and time-consuming process.
ACB Tracking Can Save You Time And Money!
We have the distribution and ROC data on the nearly 600 trusts and funds currently listed, and are adding new funds as they are created. You simply enter your buys and sells, and ACB Tracking quickly and accurately calculates the adjusted cost base taking into consideration splits, consolidations, mergers, and phantom distributions. Phantoms add to the ACB – you definitely do not want to miss these! Developed by investment professionals averaging over 30 years of experience, our website can be used with ease and confidence.
Advise Service
If you are a registered user who has purchased calculations, upon request we will advise you via e-mail when specific funds or trusts have reported distribution and return of capital data for the most recent taxation year. This will save you even more time! Click on the Tutorials tab now, and within minutes you will see how calculating adjusted cost bases and capital gains and losses can be….
