I have a situation in that the corporation has invested in mutual funds (MF). The income generated by the MF is reinvested. At the end of the year, the trust company issues T3. Part of the reinvested income is classified as Return of Capital (ROC). ROC is not to be reported as Income for the current year, but reduces the adjusted cost base of the investment. As such this is a future year liability. I would like to create other comprehensive income and Other Accumulated comprehensive Income account.
Has anyone created these accounts.
