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Archive | Adjusted Cost Base (ACB)

More Book Value Blunders

In my last blog post, I explained how RBC Direct Investing was not properly tracking the cost base of US dollar securities held by their clients.  Another area where RBC (and presumably many other brokerages) is dropping the ball for their clients is with their return of capital (ROC) adjustments.  RBC mails out their Summary […]

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Book Value Blunders

Even the big bank discount brokerages mess up sometimes, and RBC Direct Investing’s Summary of Security Dispositions is a perfect example.  Each year, DIY investors unknowingly rely on this summary while preparing their tax returns.  The report is filled with plenty of disclaimers, indemnifying RBC of any errors or omissions contained within.  Fair enough – […]

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