What happens if the book value is unknown?

If the book value is unknown, it may be assessed on the basis of market value.

This may be the case, for example, on a transfer from another financial institution if the acquisition value was not provided or was unknown at the time of the transfer. You will need to track this value if you are required to declare a capital gain or loss.

If you wish to adjust the book value in your file, complete the Book Value Adjustment 27740 form, available on our Forms page under Other forms. Then, send us the completed form via the secure Message Centre or by mail.