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 ?
Speaking to ACB's official website, Garnett said: "There is nothing that excites me more in my life than becoming the ACB champion.
After hearing the arguments of both the sides, Justice Elango asked the counsel for ACB to file a detailed counter and adjourned the hearing of the petition for eight weeks.
With its ability to develop novel mechanism of resistance during treatment coupled with intrinsic resistance to numerous antimicrobial agents, ACB poses major challenges for healthcare management worldwide.
Customers can deposit money any time at any ACB branch, or via Home Banking and Mobile Banking, and make deduction from personal accounts at ACB or via Contact Center 247.
Starting 8 September, the ACB banking operations at 417 Montgomery Street, San Francisco, will be consolidated into the branch office of First National Bank of Northern California located at 130 Battery Street, San Francisco.
Unlike the ACB design, which had two supply risers, the VAVR design only has one supply riser.
Kien helped founded the Asia Commercial Joint Stock Bank, or ACB, one of Vietnam's largest banks, and his arrest has precipitated turmoil in the company's operations, despite its effort to completely sever ties with Kien.
New Delhi, July 14 -- With this, three serving judges and a retired judge, besides three others have been arrested so far by the ACB in this case.
BCB Bancorp, Inc (NASDAQ GM: BCBP) and Allegiance Community Bank (ACB) have signed a merger agreement, under which South Orange, New Jersey-based ACB will merge with and into BCBP's subsidiary BCB Community Bank.
Another deputy secretary of State Medical Education Department is also under the scanner of the ACB.
Today's ACB systems are adaptations of the floor and ceiling mounted induction units used in the mid-1900s.