Reconciliation and Reports
Why reconciliation exists in the product at all
The most painful moment for many investors is discovering during tax season that the broker-provided cost figure is incomplete. MyCostBase turns that surprise into a review workflow you can run before filing.
What the reconciliation view compares
At launch, the workflow is designed around broker or T5008 values entered per security and tax year. The comparison is straightforward:
- broker says;
- MyCostBase says;
- difference.
The important part is the explanation attached to that difference.
Common reasons for a difference
The explanation often comes from one of the core Phase 1 pain points:
- pooled holdings across multiple taxable accounts;
- ETF adjustments the broker never applied;
- transfer-in cost basis missing from the receiving broker;
- correct CAD conversion on USD trades;
- manual corrections added to preserve the true historical trail.
Reports available at launch
Phase 1 reporting is centered on the tax-season outputs investors actually need:
- realized gains and losses summary by tax year;
- security-level disposition detail;
- current holdings report with ACB;
- reconciliation report;
- full per-security audit trail.
Exports are designed to support filing preparation or an accountant handoff. MyCostBase still does not replace the filing software itself.
What to review before exporting
Before you export a final package, confirm that warnings have been resolved for the securities involved in that tax year. A report generated from an unresolved transfer basis gap is still a report with an unresolved assumption.
If you are still building the ledger, go back to Importing Transactions or ETF Adjustments first.