ACB Tracking - The Adjusted Cost Base Calculator for ETFs, REITs, Income Trusts and Closed-End Funds
2024 represents our 18th year of making it easy for Canadian accountants, investment advisors and investors to accurately calculate the adjusted cost bases of listed Canadian Exchange Traded Funds (ETFs), Closed-end Funds, REITs, Income Trusts and Split Shares through our unique website.
Return of Capital and Phantom Distributions
However, phantom distributions are non-cash distributions that increase the adjusted cost base of the security. Often not reported clearly, phantom distributions may range from a few cents to several dollars per unit. Over 3,000 phantom distributions have been made by various listed trusts over the years -- over 2,700 from currently active Canadian ETFs alone. An investor, tax preparer or investment advisor, could easily forget to increase the adjusted cost base for securities that made phantom distributions over a period of several years. This would result in an over-payment of taxes upon the sale of the investment -- and by using ACB Tracking, this won't happen!
The Most Complete and Accurate Database Available
Easy to Use
ACB Tracking is easy to use! Users enter buy and sell information, and the ACB Tracking data base automatically calculates the adjusted cost base quickly and accurately, taking into consideration return of capital, phantom distributions, share splits and consolidations and tax-deferred mergers. And no missing phantom distributions!
There is no time wasted looking up and entering countless lines of data -- the ACB Tracking data base does it all for you. No software ever needs to be downloaded, as calculations are completed on line. The highly confidential detailed PDF reports generated are then saved by the user, as they are expunged by ACB Tracking after seven days.
In a survey, 98% of our clients said that the resulting reports were complete and clear, and 100% said that any questions were handled promptly.
Saving You Time and Money
At ACB Tracking, we 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"
Reliable and created efficiencies required during tax time
"ACB Tracking was reliable and created efficiencies required during tax time when dealing with the increasingly complex transactions in today's investment industry."
Pat Kenny, Parker-Simone, Chartered Accountants, Mississauga, Ontario