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New Member
posted May 1, 2021 9:37:29 AM

How accurate does the Adjusted Cost Base need to be for Capital Gains calculation?

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1 Replies
Level 3
May 13, 2021 9:42:22 AM

Thank you for the question.

 

The adjusted cost base must be calculated accurately, in order to properly calculate capital gains and losses. An inaccurate calculation of the adjusted cost base will result in an inaccurate calculation of capital gains, which ultimately will end up in either an under payment or over payment of income taxes.