Chart 3 - Calculating the revised adjusted cost base (ACB) of capital property (other than a flow-through entity)

Note

The CRA offers a printer-friendly version of this chart that is identical to the one in the printed Capital Gains guide.

Complete this chart to calculate the ACB of the property only if the proceeds of disposition you designated on Form T664 or T664(Seniors) for the property were more than its fair market value (FMV) at the end of February 22, 1994.

1. FMV of the property at the end of February 22, 1994 [from Step 1 of Form T664 or T664(Seniors)]
$ Blank space for dollar value
Line 1
 
2. Designated proceeds of disposition [column 2, Chart B of Form T664, or column 2, Step 2 of Form T664(Seniors)]
$ Blank space for dollar value
Line 2
 
3. Amount from line 1
$ Blank space for dollar value
x 1.1
$ Blank space for dollar value
Line 3
 
4. Line 2 minus line 3 (if negative, enter "0")
$ Blank space for dollar value
=
$ Blank space for dollar value
Line 4
 
5. Line 1 minus line 4 (if negative, enter "0")
$ Blank space for dollar value
Line 5
 
6. If the property is non-qualifying real property, enter the amount from column 4, Chart B of Form T664, or column 4, Step 2 of Form T664(Seniors). Otherwise, enter "0."
$ Blank space for dollar value
Line 6
 
7. Revised ACB on February 23, 1994 (line 5 minus line 6; if negative, enter "0")
$ Blank space for dollar value
Line 7

Use the amount on line 7 to calculate the capital gain or loss when you sell the property.

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