What is the definition of "Adjusted cost base"? Do I have to calculate the "Proceeds of disposition" from USD figures to CDN figures.?

[TurboTaxLise · Accepted solution]

All calculations are reported in CDN$ based on the bank rate at the time of the transaction.

Adjusted Cost Base is the original purchase price plus legal costs at the time of purchase (plus any major renovations not deducted as expenses in any given year),

Proceeds of disposition is usually, the amount you received or will receive for your property. In most cases, it refers to the sale price of the property.