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My father has sold a number of shares that were purchased decades ago, and subject to uncounted splits. Information on the original cost (avg cost base) has been lost. His fin. advisor says 'keep looking'. I would have thought there would be the electronic equivalent of a share certificate number, which could be traced by the issuer company) to an original 'certificate'. Or does CRA allow a taxpayer to use 'estimated ACB', based on (approximate) year of purchase?
Suggestions appreciated.....
Suggestions appreciated.....