ACB Tracking - The Adjusted Cost Base Calculator for Income Trusts and Closed-End 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, closed-end funds and ETFs, 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.
Income Trusts Convert to Corporations
For more detailed information on the conversion of trusts into corporations, including a table that contains the Income Trust name, the name of the Corporation into which it converted, the conversion date and the tax consequences of the conversion, please click on the "Trust Conversion" tab on the left side of this page.
The Most Complete and Accurate Distribution Database for Income Trusts, Closed-End Funds and ETFs 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....
"As Easy As ACB"
Accurate and a real timesaver
"I have found this system to be accurate and a real timesaver. It is easy to use, but should I come across a question, I call the contact phone number and get an answer asap, which I love".
Courtenay Skeat, CIBC Wood Gundy, Toronto ON

