Talk:Adjusted cost base

Reader feedback: what about 30 day rulewhat ...
69.165.160.121 posted this comment on 23 December 2013 (view all feedback).

what about 30 day rule what happens if you buy back the security in rsp ?

Any thoughts?

LadyGeek 15:39, 23 December 2013 (MST)
 * Covered in Superficial loss, which appears in the navigation sidebar. Based on reader feedback, perhaps it needs to be more explicitly covered. --Peculiar Investor 14:51, 24 December 2013 (MST)

I incorporated the feedback (and fixed a link). Superficial loss is somewhat different in the US, as it only covers 30 days after the sale. I'll like someone with Canadian expertise to double-check, then set the feedback status to resolved. --LadyGeek 17:45, 24 December 2013 (MST)

I set this feedback to resolved, as updates were made by Adrian2. --LadyGeek 20:13, 27 December 2013 (MST)

Reader feedback: I ended up on this site afte...
67.71.146.140 posted this comment on 20 December 2013 (view all feedback).

"I ended up on this site after wondering if the ACB could go negative (for example if a stock more then doubles and lets say 50% of the original investment is sold). I believe the answer is yes (there are some half sentences in the page which imply that a negative ACB is considered a gain). Thx for the detailed summary on this page."

Any thoughts?

I don't have the experience to fix this one. --LadyGeek 20:11, 27 December 2013 (MST)

Reader feedback: This was a big help but I ha...
24.207.104.64 posted this comment on 15 April 2014 (view all feedback).

"This was a big help but I have a related question which has to do with the 'Class No. of the property' when declaring capital gains on a stock trade. Maybe info on this subject or a reference could be added."

Any thoughts?


 * I've double checked and I cannot find reference to "Class No. of the property" on Schedule 3, which is used when declaring capital gains on a stock trade. "Class No. of the property" is involved in the calculation of Capital Cost Allowance, see CCA classes. Any other editors have thoughts on how to address this reader feedback? Peculiar Investor 14:46, 16 April 2014 (MDT)


 * The reader is referring to a heading on Schedule 3 which reads "Name of fund/corp. and class of shares". It's not an adjusted cost base issue, so I don't think it belongs in this article, but rather a question of what CRA is looking for in that box. I've always interpreted it to mean that they want the share class of what's been sold.  If you sell common shares of Bank of Montreal, then the box should read "Bank of Montreal common".  If you sell Bank of Montreal preferred X, then the box should read "Bank of Montreal preferred X".  A simple "Bank of Montreal" isn't really good enough, though I doubt CRA chases anybody for ambiguity. Norbert Schlenker 13:34, 18 April 2014 (MDT)

Reader feedback: What about property sales s...
96.49.18.115 posted this comment on 16 November 2014 (view all feedback).

"What about property sales such as rental condo"

Any thoughts?

Peculiar Investor 21:46, 16 November 2014 (MST)

Reader feedback: Multiple sales. Start with...
99.247.109.186 posted this comment on 18 March 2015 (view all feedback).

"Multiple sales. Start with 4000 shares purchased and sell 1000 per year for 4 years."

Any thoughts? The article doesn't specifically cover the case of partial sales and their impact to ACB.

Peculiar Investor 13:27, 18 March 2015 (MDT)


 * Multiple sales are indeed confusing the 1st time around (and even the 2nd time around for some people), and we need a simple example to explain this. We should signal that selling part of your holding does not change the ACB per share of the remaining shares. We could also simplify the "additional purchases" example by selling everything in one transaction.--Quebec 07:54, 16 February 2018 (CST)


 * I've tried something for multiple sales in the article. Feedback welcome. Still think that the "additional purchases" example could be simplified. --Quebec 11:20, 17 February 2018 (CST)