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.
Company Details
- Employees
- 1
- Founded
- -
- Industry
- Accounting
- NAICS
-
Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesOffices of Certified Public AccountantsTax Preparation ServicesPayroll ServicesOther Accounting Services
- Website
- acbtracking.ca
- Keywords
- Personal Income Tax, Adjusted Cost Base, Exchange Traded Funds, Closed End Funds, REITS, Phantom Distributions, Reinvested Distributions, Split Share Corporations, Non Cash Distributions.
- Competitors
Acb Tracking Inc. Questions
Acb Tracking Inc.'s website is acbtracking.ca
Acb Tracking Inc.'s LinkedIn profile is https://www.linkedin.com/company/acb-tracking-inc.
Acb Tracking Inc. has
1 employees.
View email and phone details for 1
employees at Acb Tracking Inc..
Acb Tracking Inc.'s industry is
Accounting
Acb Tracking Inc.'s categories are Accounting
Acb Tracking Inc.'s founding year is 2007
