GREY:PEYTF - Post by User
Comment by
iamanewageron Apr 20, 2013 12:12pm
131 Views
Post# 21280630
RE: Question
RE: Question Al,
Your broker is doing you a bit of a "favour" in helping you maintain your ACB (Adjusted cost base) as part Parallel's distribution is a "Return of Capital" which you get "tax free" but it does reduce your cost base so if/when you sell you will have a larger gain. See the spread sheet belew to be able to calcualte exactly how much of each distribtion is a "Return of Capital"
https://redir.parallelenergy.ca/images/Tax_Information/parallel%20-%202012%20t3%20canadian%20tax%20info%20summary.pdf