A recently launched website called AdjustedCostBase.ca offers a free, web-based tool for tracking the Adjusted-Cost Base (ACB) and Capital Gains for investments held in taxable accounts. You need to sign up for a free account but once you do so, you can enter transactions and track the ACB of your stock holdings. The sign-up process is relatively easy and the website only requires name, e-mail id and password for the initial registration and no other personal information.
The tool can handle buy, sell, return of capital, capital gains dividend, reinvested distribution, stock splits and even put and call options. The programmer behind the tool says he developed it for personal use since he couldn’t find an equivalent free tool and he intends to keep it freely available. I personally use a simple Excel spreadsheet to track the ACBs of our portfolios but investors will likely find AdjustedCostBase.ca very useful in keeping track of their ACBs or simply double checking their own calculations.
It would be nice if AdjustedCostBase.ca offered a way to locally save your portfolio transactions or even have it e-mailed to you on a regular basis. It would address one likely concern that many will have with a tool such as this: the possibility that transaction information may not be available in the future for whatever reason.
