Canadian Tax Basics

T5008 Box 20: Why It's Not Your Adjusted Cost Base

T5008 Box 20 is the number your broker reports — not the number CRA expects you to use. Here's why the difference matters and how to reconcile it.

What Is Adjusted Cost Base in Canada?

Adjusted cost base is the average cost of your investment across all taxable accounts. Your broker doesn't calculate it for you — here's what it is and why it matters.

Maximizing Tax Efficiency: How to Manage Capital Gains and Losses on Your Canadian Investments

How to manage capital gains and losses on Canadian investments: tax-loss harvesting, timing asset sales, TFSA and RRSP strategy, and ACB tracking.

Short-Term vs. Long-Term Gains: Key Differences and Why It Matters for Canadian Investors

Short-term vs. long-term gains in Canada: how frequent trading triggers business income classification and why holding periods matter for tax planning.

Mastering the Fundamentals of ACB Calculation for Canadian Investors

ACB fundamentals for Canadian investors: how to calculate adjusted cost base, what changes it, and why accurate tracking reduces capital gains tax.

Understanding Capital Gains and Losses in Canada: A Complete Guide for Investors

Capital gains and losses for Canadian investors: realized vs. unrealized, the 50% inclusion rate, carry-forward rules, and tax strategies.

Capital Gains Tax in Canada: Understanding the 50% Inclusion Rate and Its Impact on Your Taxes

How capital gains tax works in Canada: the 50% inclusion rate, which assets are affected, tax bracket impact, and strategies to manage your tax burden.

How to Report Capital Gains and Losses on Your Canadian Tax Return: A Complete Guide

How to report capital gains and losses on your Canadian tax return — Schedule 3, ACB, and CRA record-keeping requirements.