T5008 Box 20: Why It's Not Your Adjusted Cost Base
T5008 Box 20 is the number your broker reports — not the number CRA expects you to use. Here's why the difference matters and how to reconcile it.
myCostBase
Read article
8 min read
T5008 Box 20 is the number your broker reports — not the number CRA expects you to use. Here's why the difference matters and how to reconcile it.
Canadian investors who hold US-listed stocks must convert proceeds and adjusted cost base to CAD using the Bank of Canada rate on each transaction date — not a flat annual average.
Adjusted cost base is the average cost of your investment across all taxable accounts. Your broker doesn't calculate it for you — here's what it is and why it matters.
Ravi …