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How is a BMO ETF holder supposed to track the ACB?
iShares puts out a tax characteristics document each year (in PDF format) that lets me read the return of capital and reinvested distributions. It's very easy from this to track the ACB number. And of course it's evidence I can keep for future CRA disputes.
I thought that BMO released a similar document, the "bmo etf tax parameters" like this one from 2014
https://www.bmo.com/assets/gam/docs/bmo_etf_tax_parameters_cash_flow_advisor_etf_eng.pdf
Where on earth is the 2015 document? How can it be August 2016 and they haven't posted one for 2015 yet?
I also read something about finding this information in a spreadsheet from CDS Innovations, but that was obscure to locate, and it contains macros (which I can't open on my Linux system). Why the hell is it so hard to find this vital information that everyone needs for ACB tracking? It absolutely should be in PDF format, so you can easily view and print it for your files.
You'd think their marketing department would know this is important. I'm thinking of advising that my parents shift nearly 100K into a BMO ETF, but unless I get confident that I can track the ACB easily, I'm not going to do it. I need simple documentation that's easily locatable, that is released in a timely format every year, and I don't want to rely on a third party to do it. (The brokerage already tracks ACB and I need to be able to independently calculate it myself).
iShares puts out a tax characteristics document each year (in PDF format) that lets me read the return of capital and reinvested distributions. It's very easy from this to track the ACB number. And of course it's evidence I can keep for future CRA disputes.
I thought that BMO released a similar document, the "bmo etf tax parameters" like this one from 2014
https://www.bmo.com/assets/gam/docs/bmo_etf_tax_parameters_cash_flow_advisor_etf_eng.pdf
Where on earth is the 2015 document? How can it be August 2016 and they haven't posted one for 2015 yet?
I also read something about finding this information in a spreadsheet from CDS Innovations, but that was obscure to locate, and it contains macros (which I can't open on my Linux system). Why the hell is it so hard to find this vital information that everyone needs for ACB tracking? It absolutely should be in PDF format, so you can easily view and print it for your files.
You'd think their marketing department would know this is important. I'm thinking of advising that my parents shift nearly 100K into a BMO ETF, but unless I get confident that I can track the ACB easily, I'm not going to do it. I need simple documentation that's easily locatable, that is released in a timely format every year, and I don't want to rely on a third party to do it. (The brokerage already tracks ACB and I need to be able to independently calculate it myself).