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New Member
posted Apr 10, 2024 3:20:40 PM

How do I calculate the Adjusted Cost Basis of a foreign insurance policy?

The policy is issued in Singapore and I am now living in Canada.

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1 Replies
Moderator
Apr 10, 2024 5:50:49 PM

You would need to calculate the Adjusted Cost Basis (ACB) using the method that the CRA has outlined, which you can read about here: https://laws-lois.justice.gc.ca/eng/acts/I-3.3/section-148.html