treetops wrote:Bylo, do I need to keep track of the ACB if I'm taking monthly amounts from Saxon High Income (mutual) Fund?
As others have already said, the short answer is yes
and it applies to all
securities held in a taxable account.
You might want to contact Saxon to see what info they have on your account. Some fundcos have detailed transaction records, in machine-readible form, going back a decade or more. This applies whether you held the fund directly with them or through a broker. If you bought the fund through TD and all transactions were done through them then their ACB should
According to my CA, it's not unusual, especially with estates, for ACB info to be AWOL. In those situations, CRA will accept a "reasonable" estimate based on available evidence. That said, I still wouldn't count on their idea of reasonable to be "fair" nor would I use it as an excuse to not maintain accurate ACB data.
Sedulously eschew obfuscatory hyperverbosity and prolixity.