Hello, David, I transferred my stocks to my account in Canada in US fund after I moved back to Canada from the USA last year. What will be the cost base when I sell these stocks one day? I sold some stocks held in my US account with a loss earlier this year. Can I apply some loss to my Canadian equity capital gain and/or Canadian income tax? Thanks .. --------------------------------------- david ingram replies The cost base is their value the day you officially moved back to Canada. Therefore let's assume that coincidently you bought three stocks, A, B and C for $1,000 Cdn a stock while living in the US. When you moved to Canada. Stock A was worth $1,500 Stock B was worth $2,000 Stock C was was worth $500.00 one year later you sell all three stocks for $1,500 For Canadian Tax purposes, you made Stock A (1,500 - 1,500) no profit and no gain Stock B (2,000 - 1,500) a loss of $500 Stock C (1,500 - 500.00) a profit of $1,000 For US purposes your profit was (4,500-3000) $1,500 ----------------------------------------------------------------- --- David Ingram's US / Canada Services US / Canada / Mexico tax, Immigration and working Visa Specialists US / Canada Real Estate Specialists My Home office is at: 4466 Prospect Road North Vancouver, BC, CANADA, V7N 3L7 Cell (604) 657-8451 - (604) 980-0321 Fax (604) 980-0325 Calls welcomed from 10 AM to 10 PM 7 days a week Vancouver (LA) time - (please do not fax or phone outside of those hours as this is a home office) email to taxman at centa.com www.centa.com www.david-ingram.com Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. 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