ACB Tracking - The Adjusted Cost Base Calculator for Income Trusts, Closed-End Funds and ETFs
2015 represented our 9th year of making it easy for Canadian accountants, investment advisors and investors to calculate the adjusted cost bases of Exchange Traded Funds (ETFs), Closed-end Funds, REITS, Income Trusts and Split Shares through the use of our unique website application.
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 ETFs, Closed-end Funds, REITs, Income Trusts and Split Shares pay regular 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!
Income Trusts Convert to Corporations
ETFs and Phantom Distributions
Phantom distributions are non-cash distributions that do not add to the unit holder's position. These payments increase the ACB of the position and, if not tracked properly, will result in the investor paying tax twice on the same distribution. As an investor, tax preparer or investment advisor, one could easily forget to increase the ACB on funds that made phantom payments over a period of years. This could result in a significant overstatement of the tax liability upon disposition. Over 700 phantom distributions have been made by various listed funds -- over 500 of those by exchange traded funds alone. Phantom distributions can range from a few cents to several dollars per unit. You cannot afford to miss these, and by using ACB Tracking, you won't!
The Most Complete and Accurate Distribution Database for Income Trusts, Closed-End Funds and ETFs Available!
"As Easy As ACB"
"Using this program has certainly made the calculations easier and more suitable to send to clients than what we were previously doing on Excel spreadsheets. Also less margin for error and less input of data required."
Investment Advisor Assistant, Kingston, Ontario