Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
1,781,888,616 visitors served.
forum mailing list For webmasters
?
New: Language forums
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Adjusted Cost Base

   Also found in: Acronyms, Wikipedia 0.01 sec.
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.


How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
No references found
 
* A shareholder foreign affiliate will be deemed to have disposed of its shares in a predecessor corporation that are excluded property for proceeds of disposition that, unless a greater amount is elected, are equal to the adjusted cost base.
, the adjusted cost base of the partnership interest and method of financing the partnership interest) is usually unique to each member of a limited partnership.
Unitholders are required to include this capital gain in income and this same amount should be added to the adjusted cost base of their holdings of the Fund.
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2009 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.