Ontario Barrister and Solicitor Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What does ACB stand for?

Adjusted Cost Base

ACB stands for Adjusted Cost Base. This is the standard measurement for capital gains taxes in Canada. The other options are incorrect because

- Option B, Annual Cumulative Benchmark, is not a commonly used term in finance and does not provide a clear definition related to ACB.

- Option C, Accrued Capital Benefits, is not a commonly used term in finance and does not relate to the calculation of capital gains taxes.

- Option D, Average Cost Benchmark, is not a commonly used term in finance and does not specifically refer to the calculation of capital gains taxes, unlike the correct answer A.

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Annual Cumulative Benchmark

Accrued Capital Benefits

Average Cost Benchmark

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