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Adjusted Cost Base |
Also found in: Acronyms, Wikipedia | 0.01 sec. |
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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. 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. |
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| * 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. |
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