TD Waterhouse, best way to determine capital gain/loss

[BTron]

It being tax time, I'm trying to add up my capital gains and losses for the last year. Do they have any sort of form that would provide that? I can't seem to see it in eServices, under Statements, Confirmations and Tax Documents->Trading Summary, they all just show the amount of the close out trade with no sort of cost base information.

Are people expected to calculate it themselves? While I certainly can go through that myself, the case of subtracting all the monthly dividends from the ACB of a trust unit is a bit of a pain. And the other case with USD investments, you need to factor in the exchange rate at the time of purchase and sale, right?

[monty613]

It being tax time, I'm trying to add up my capital gains and losses for the last year. Do they have any sort of form that would provide that? I can't seem to see it in eServices, under Statements, Confirmations and Tax Documents->Trading Summary, they all just show the amount of the close out trade with no sort of cost base information.

Are people expected to calculate it themselves? While I certainly can go through that myself, the case of subtracting all the monthly dividends from the ACB of a trust unit is a bit of a pain. And the other case with USD investments, you need to factor in the exchange rate at the time of purchase and sale, right?

brokers =/= accountants

they can't provide you with a capital gain/loss amount because your ACB is just that, an adjusted cost base - what if you had another account? or even another broker? so you'll have to DIY, or get an accountant unfortunately.

[BTron]

Thanks man, appreciated. That's sinkingly what I figured anyways, it's no biggie though, I always track everything in spreadsheets anyways, it'll at least be a learning exercise.

[jerryhung]

Yes, you have to calculate yourself

In TDW, at least they provide statements
go into your eServices and download/print statements, and practice your math

[BTron]

Oh I'm dusting off the old abacus as we speak. Is there a generally accepted place to source the exchange rate from for USD transactions? Can I just look it up on google finance for a particular day?

[WildEmu]

You can't go wrong with using the Bank of Canada's own exchange rates:

http://www.bankofcanada.ca/en/rates/exchange.html

[1LuckyGuy]

I think you are supposed to use the rates on Canada Revenue's site...

http://www.cra-arc.gc.ca/tx/ndvdls/fq/xchng_rt-eng.html

[hdancey]

the case of subtracting all the monthly dividends from the ACB of a trust unit is a bit of a pain.

I hope you mean only if you're told these dividends are 100% return of capital (see your T3 slip for confirmation). Otherwise, trust payments are not to be deducted from your cost base, but reported as income.