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

Line 1

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

Line 2

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

Transfer the result to the right

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.

Page details

Date modified: