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Capital Gains & Multiple Brokerage Accounts

Question: “I have 2 Brokerage Accounts.

I own shares of the same company in both accounts.”

Is my adjusted cost base calculated separately in each account or by combining the total number of shares in both accounts?

For the purposes of calculating the adjusted cost base it is important to keep in mind that while it is possible to have the same shares in two or more brokerage accounts, that the Income Tax Act is interested in the average adjusted cost base per share.

If you won multiple brokerage accounts and have the same shares in those accounts, your adjusted cost base per share is the total amount you paid for all shares in all accounts divided by the total number of shares you own.