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How do I calculate the adjusted base cost of the property I sold in 2022 (purchased in 2019) between myself and my spouse?
April 29, 2023
6:25 PM
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Investors and rental owners
Hello,
According to the CRA here:
You can calculate the ACB of your property by taking the price in which you bought it at in 2019 along with any closing costs, lawyer fees, etc. as well as any fees incurred while selling the property. You can also include any incremental costs (renovations, etc.) done on the property as long as you have kept the receipts. Hope this helps!
May 1, 2023
9:06 AM