Chart 2 - Calculating the revised adjusted cost base (ACB) of a flow-through entity
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Chart 2 - Calculating the revised adjusted cost base (ACB) of a flow-through entity
Note
We offer 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 your shares of, or interest in, the flow-through entity only if the proceeds of disposition you designated on Form T664 for the property were more than its fair market value (FMV) at the end of February 22, 1994. If the flow-through entity is a trust (other than a mutual fund trust), do not complete this chart as you do not have to reduce the ACB of your interest.
Step 1 - Reduction of the ACB
1. Designated proceeds of disposition (column 2, Chart A of Form T664)
$ Blank space for dollar value
Line 1
2. FMV at the end of February 22, 1994 (Step 1 of Form T664)
$ Blank space for dollar value
Line 2
3. Amount from line 2
$ Blank space for dollar value
× 1.1
− Blank space for dollar value
Line 3
4. Line 1 minus line 3 (if negative, enter "0")
= $ Blank space for dollar value
Line 4
If the amount on line 4 is zero, do not complete the rest of this chart.
5. ACB at the end of February 22, 1994 (column 1, Chart A of Form T664)
− Blank space for dollar value
Line 5
6. Line 2 minus line 5
= $ Blank space for dollar value
Line 6
If you entered an amount in column 4, Chart A of Form T664, complete line 7. Otherwise, enter the amount from line 6 on line 8.
7a. Amount from column 4, Chart A of Form T664
$ Blank space for dollar value
× line 6 Blank space for dollar value
= $ Blank space for dollar value
Line 7a
7b. Amount from column 3, Chart A of Form T664
÷ Blank space for dollar value
Line 7b
7c. Line 7a divided by Line 7b
= $ Blank space for dollar value
Line 7c
8. Line 6 minus line 7c
= $ Blank space for dollar value
= $ Blank space for dollar value
Line 8
9. Reduction (line 4 minus line 8)
$ Blank space for dollar value
Line 9
If the amount on line 9 is negative, do not complete the rest of this chart.
Step 2 - Revised ACB
10. ACB at the end of February 22, 1994 (line 5)
$ Blank space for dollar value
Line 10
11. Reduction (line 9)
$ Blank space for dollar value
Line 11
12. Revised ACB on February 23, 1994 (line 10 minus line 11; if negative, enter "0")
$ Blank space for dollar value
Line 12
Use the amount on line 12 to calculate the capital gain or loss when you sell your shares of, or interest in, the flow-through entity.
- Date modified:
- 2016-01-05