Capital gains. Simplified.
US and Canadian capital gains, made especially for cross-border clients.
The problem
Most people can calculate capital gains for a single asset with a pen and paper. But as the volume of assets and trades increases, first-in-first-out (FIFO) accounting quickly becomes unmanageable, even for an Excel wizard.
No modern tools simplify capital gains reporting in a way that’s easily auditable. And accountants spend hours tracking trades and checking their work to have confidence their numbers are accurate.
Checkgains will change all that.
Features
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We use the most reliable and easily audited capital gains calculation. More methods (e.g. Avg cost, LIFO) coming soon.
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Report gains in USD and CAD with auto-populated exchange rates on the date of each trade.
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Cost basis adjusted based on the source of the asset (e.g. purchase, gift, reinvested dividend), the date of residency, or if a commission was paid.
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Easy spot-checks with reconciliation on cash balances, end-of-period holdings, dividends paid, or any number of reconcilable fields.
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Have confidence in your reporting by seeing exactly how capital gains are calculated for each asset.
Send us your trades; get back your capital gains
As we prepare for launch, we need test data and are offering FREE capital gains reporting for up to 5 assets, up to 20 trades per asset over the reporting period. We will provide the output needed to complete the CRA’s T-1135 form.