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 that were more than its fair market value (FMV) at the end of February 22, 1994.
Adjusted cost base (ACB) calculation for capital property
FMV of the property at the end of February 22, 1994 from Step 1 of Form T664 or T664 (Seniors)
Blank space to input proceeds of disposition
Blank space to input amount
Designated proceeds of disposition:
Column 2 of Chart B of Form T664, or column 2 in Step 2 of Form T664 (Seniors)
Blank space to input amount
Amount from line 1
Blank space to input amount
× multiply by 1.1 = Equals
− Minus
Line 3
Line 2 minus line 3 (if negative, enter "0")
= Equals
− Minus
Line 4
Line 1 minus line 4 (if negative, enter "0")
= Equals
Line 5
If the property is non-qualifying real property, enter the amount from column 4 of Chart B of Form T664, or from column 4 in Step 2 of Form T664 (Seniors). Otherwise, enter "0".
− Minus
Line 6
Revised ACB on February 23, 1994:
Line 5 minus line 6 (if negative, enter "0")
= Equals
Line 7
Use the amount from line 7 to calculate the capital gain or loss when you sell the capital property.
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