I think I finally have a understanding on how to calculate the Adjusted Cost Base (ACB) for my taxable Canadian securities. (Keep track of all buys and sells, use CDS Innovations to determine if there were any Return of Capital (RoC) and/or non-cash (aka Phantom) distributions and then enter everything into Adjustedcostbase.ca).

However, for my taxable U.S. securities I'm not sure if there are such phantom distributions and rarely do I see any RoCs. Looking at IWR for example (under the Distributions tab) all I can see are the normal distributions and some RoCs from 2007 and earlier. Is this normal? Am I looking in the wrong place? Are U.S. securities fundamentally different than Canadian ones in that they don't have phantom distributions?

  • 1
    Return OF Capital (literally just giving back your money) is a still a taxable distribution from US ETFs for Canadians. As to your question this article implies it's rare in the US.
    – brian
    Oct 22 '15 at 20:31
  • Thanks, I got RoC correct in the title at least. I assume the link should be this instead.
    – skube
    Oct 23 '15 at 12:17

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