If your corporation holds investments, someone spends a few evenings each year rebuilding the records. Usually you, then your accountant, all over again.
Year-end to-do
FY 2026
Working out what reinvested distributions and return of capital did to cost base
Reinvestments and adjustments land on the right holding, in the right year.
Exporting activity from every account and stitching the files together
Import each account’s export. Duplicates are caught and the original file is kept.
Looking up the Bank of Canada rate for every US-dollar trade
Each trade, dividend and fee is converted at that day’s rate, with the rate on record.
Digging up last year’s ACB spreadsheet and hoping it’s the final version
Close the year and its balances carry straight into the next one.
Your accountant redoing half of it anyway
A workpaper where each figure opens up to the trade behind it.
Rates come from the Bank of Canada and sit next to each conversion, so anyone can check the math later.
Mar 13
US$34,488.00 × 1.3612
C$46,945.07
Jun 30
US$412.18 × 1.3540
C$558.09
Nov 6
US$9,244.00 × 1.3895
C$12,844.54
The same security held in two accounts is pooled for the corporation.
No purchase history for a holding means no gain until there’s a cost to work from.
Missing opening cost
ZAG, 200 units
Gain on hold until a cost is entered.
Lock a finished year and start the next with the same holdings and cost base. A late tax slip goes through a recorded amendment, not a quiet edit.
Switch between client corporations on the same screens. Clear what’s flagged, download the year-end package, move on to the next one.
Client corporations
FY 2026
File your T2. Your accountant does that, with the software they already use.
Guess. If a cost or a classification is missing, it asks you instead of filling something in.
Overreach. Capital dividend account and RDTOH balances need records beyond your brokerage, so they aren’t in the first version.
CedarBasis is opening to a small group of corporation owners and accountants first. Tell us about your accounts and we’ll let you know when it’s ready for yours.