ACB

ACB, or Adjusted Cost Base, is the original amount you paid for an investment, like stocks or property, plus any additional costs such as transaction fees or improvements. It’s used by investors and tax authorities to determine the capital gain or loss when you sell the investment. Essentially, the ACB helps you figure out how much profit you made, which affects the amount of taxes owed. Maintaining an accurate ACB is important for proper tax reporting and ensuring you pay the correct amount of tax on your investment gains.