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Should the Book Cost from WebBroker be used for tax purposes or capital gain/loss reporting?
Book Cost, as listed on WebBroker, is not to be used for any official tax or reporting purposes. It is your responsibility to track your Book Cost and Average Cost Base (ACB) for tax reporting purposes.
TD Direct Investment does not submit Book Cost figures for non-registered accounts to the Canada Revenue Agency (CRA). Clients are still responsible for tracking the Adjusted Cost Base (ACB) for all their investments for capital gain or loss reporting to the CRA.
Purchase and sale information is available on tax receipts, account statements, trading confirmations and trading summaries. These are used to help calculate your Book Cost and Average Cost Base (ACB).
Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.