ACB Tracking - The Adjusted Cost Base Calculator for Income Trusts and Closed-End Funds
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 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 income trusts and closed-end 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 over 700 income trusts and closed-end funds, 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.
The Most Complete and Accurate Distribution Database for Income Trusts and Closed-End Funds Available!
Without question, the database created by ACB Tracking is the most comprehensive and accurate of its kind available. All data was entered, checked and re-checked by experienced investment professionals extremely familiar with these securities. In a recent survey, our clients overwhelmingly said that their confidence level in our data accuracy was either high or very high.
In addition, over half of our clients stated that the ACB Tracking service saved them more than 75% of the time required to do the calculations manually! Finally, 98% said that our reports were complete and clear, and 100% said that their questions were handled promptly. We at ACB Tracking are extremely proud of our service and invite you to click on the Testimonials tab to see what financial professionals across Canada are saying about this time-saving and money-saving tool for calculating adjusted cost bases, and how it is....
In addition, over half of our clients stated that the ACB Tracking service saved them more than 75% of the time required to do the calculations manually! Finally, 98% said that our reports were complete and clear, and 100% said that their questions were handled promptly. We at ACB Tracking are extremely proud of our service and invite you to click on the Testimonials tab to see what financial professionals across Canada are saying about this time-saving and money-saving tool for calculating adjusted cost bases, and how it is....
"As Easy As ACB"
Fills a large need for accountants
"We were very pleased with your service as it fills a large need for accountants especially".
Chartered Accountant, Victoria, B.C.
