Cost of acquisition adjusted for units transferred to segregated portfolios, with original unit cost deemed reduced accordingly. The amendment prescribes that the cost of acquisition for units in a segregated portfolio equals the proportion of the total-portfolio unit cost ... Summary
Cost of acquisition adjusted for units transferred to segregated portfolios, with original unit cost deemed reduced accordingly.
The amendment prescribes that the cost of acquisition for units in a segregated portfolio equals the proportion of the total-portfolio unit cost corresponding to the net asset value of the assets transferred relative to the total portfolio immediately before segregation, and that the cost of original units in the main portfolio is deemed reduced by that allocated amount; portfolio terms are defined by the referenced regulatory circular.
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