Post by
Vinny57 on Apr 01, 2022 4:51pm
A Tax Question:
I just saw my accountant. I am asking the board about my Adjusted Cost Base. Pre-Tilray, I had X amount of shares in Aphria. After the 'merger' I had .838 amount of those shares. My adjusted cost base was just over $7 per share at that time. After the merger I am told that my ACB stays the same. I figure my ACB should be higher as I lost 16% of my shares (thanks Simon). Who is correct here? Please respond only if you are positive of your answer.
Thanks in advance
Comment by
BudFoxx2020 on Apr 01, 2022 5:17pm
As long as you got the proper documentation or even your own logs of your transaction for your ACB. CRA will accept it. The banks and brokerages statements are never accurate. If you read their disclaimers they will even say that. But it be honest CRA never do audits on stocks, it is very rare. Just be as honest as possible with your estimates. Cheers.