Cost Basis

[c.c.]

Can someone tell me why I cannot choose the "Actual Cost Basis" method of
calculating cost basis if I use the Canadian settings? Does this have
something to do with the structure of Canadian mutual funds or something?
Furthermore, given that I don't get to choose the method Money uses to
calcuate cost basis, what is the default method used with Canadian settings
and how does it work?

I am looking at my investment account, and I cannot figure out where Money
is getting its numbers if my life depended on it! Thanks.

 

[Cal Learner-- MVP]

Can someone tell me why I cannot choose the "Actual Cost Basis" method of
calculating cost basis if I use the Canadian settings? Does this have
something to do with the structure of Canadian mutual funds or something?

Canadian tax law.

Furthermore, given that I don't get to choose the method Money uses to
calcuate cost basis, what is the default method used with Canadian settings
and how does it work?

Average basis across all accounts, as far as I have gleaned.