Tax Checksinvestments
I sold investments - is my cost base actually right?
ACB errors are one of the most common reassessment triggers.
Is this you?
- I sold stocks, ETFs, or crypto
- I moved holdings between apps or brokerages
- I relied on my trading app's profit/loss report
"My app's profit/loss statement is enough for taxes."
Adjusted Cost Base is often wrong after transfers or crypto-to-crypto trades. Reporting the wrong cost means overpaying tax or triggering reviews.
Why guessing is risky
- Crypto-to-crypto trades are taxable dispositions
- Wrong ACB can surface during reviews 2-3 years later
- Fixing ACB after reassessment is slow and stressful
Safe to ignore if
- I didn't sell anything
- All activity was inside TFSA or RRSP accounts
Stop and check if
- I sold crypto for other crypto
- I transferred investments between institutions
- I'm unsure how my ACB was calculated
Resolve the doubt
Check my capital gains risk (2 minutes)We'll tell you if this needs reporting and what to do next.
"Most people catch an ACB issue before it turns into a reassessment."