Adjusted Cost Base

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Adjusted Cost Base

In Canadian taxes, a calculation of the cost of an asset that includes expenditures indirectly related to the purchase price of the asset. For example, the adjusted cost base may include improvements made to real estate or commissions paid for a security. It is important to note that these expenses may be required expenses (one must pay commissions to brokers if one wishes to trade on the stock market), but they are not included in the purchase price, per se. The ACB may also include dividends that are reinvested. In Canada, one is liable for capital gains taxes on an asset sold for a price greater than the adjusted cost base.
References in periodicals archive ?
The ACB questioned him onm Wednesday from 11am to 4pm at his residence in New MLAs Quarters and later formally arrested him.
Jaising also alleged that the Centre has been repeatedly attempting to interfere with and hamper the smooth functioning of the ACB.
In December 2014, the court appointed a Special Inquiry team comprising of the ACB and Enforcement Directorate to inquire into the kickbacks.
Today's check presentation occurred as ACB Chairman F.
This face- off has resulted in Delhi government's ACB now having two chiefs.
Meena's appointment to the new post came a few days after Lt Governor Jung evoked his power to reject appointment of five officers from Bihar Police on deputation to join the ACB, as his mandatory sanction was not sought by the Kejriwal government.
Without the support of community minded organizations like ACB, Habitat could not succeed in its mission of eliminating substandard housing.
He alleged the ACB was trying to save the minister because of his political clout as well as his relations with the state police chief V Dinesh Reddy.
Ecount and ACB launched their first program together in late 2005 for a major manufacturing company.
Announcing the funding, the Government of India has said that "this was a project that ACB has been closely following with us and we will be working with them to have the work started on this important project at the earliest.
Esakhail, the captain of country's cricket team expressed satisfaction after getting the award and expressed his deep thanks and lauded the ACB for arranging such a glorious event.
The arrests in several districts, including Warangal, Nellore and Visakhapatanam, were made a day after the ACB raided 22 places in six districts and seized incriminating evidence and records of huge amounts of bribes paid by the dealers to politicians, government officials, policemen and journalists.