I was reading up on ACB...
I was reading up on ACB and as this will affect me next year, I'd like to be pro-active so I don't have a headache later on.
In case it matters, this is mostly for e-series in TDDI, and Tangerine Balanced Growth Fund.
1) When calculating ACB, is it recommended I update a spreadsheet after each transaction, or can I download a history of transactions at the end of the year and enter it into the speadsheet all at once?
2) When initially buying the funds (last month) I set it up as dividends re-invested as I didn't know any better at the time. Should I cancel having the dividends re-invested to simplify calculating ACB? Or is it not really more difficult to calculate when set up as DRIP and I should just leave it as-is?
3) Does CRA ask for "proof" showing that I calculated this correctly?
4) Does this need to be calculated for bonds (TDB909)?
5) I've seen a few spreadsheets floating around - is there a recommended one that is simple to use?
In case it matters, this is mostly for e-series in TDDI, and Tangerine Balanced Growth Fund.
1) When calculating ACB, is it recommended I update a spreadsheet after each transaction, or can I download a history of transactions at the end of the year and enter it into the speadsheet all at once?
2) When initially buying the funds (last month) I set it up as dividends re-invested as I didn't know any better at the time. Should I cancel having the dividends re-invested to simplify calculating ACB? Or is it not really more difficult to calculate when set up as DRIP and I should just leave it as-is?
3) Does CRA ask for "proof" showing that I calculated this correctly?
4) Does this need to be calculated for bonds (TDB909)?
5) I've seen a few spreadsheets floating around - is there a recommended one that is simple to use?