Cenovus Energy Inc T.CVE

Rangers30, please indicated the error. For HSE shareholders

[RagingBull3]

calculating ACB of CVE shares and warrants.    Understanding how to calculate, helps to understand your GAIN or LOSS for 2021, and whether for the commons to declare a gain or loss for 2021... depending on your tax situation. 

 Example:   You bought 10,000 HSE shares at $3.00/share sometime before 2021.

Calculation for common shares:
# CVE shares = 10,000*0.7845= 7845
Portion ACB HSE share = 96.58%(10000*3)= $28974
ACB of CVE per share = 28974/7845 = $3.6933

Your ACB went from $3 to $3.69 because you have less shares and portion. 


Calculation for warrants:
This should mean $30,000-28974 =  $1026 is HSE ACB portion of warrants or 30000*0.0342=$1026

# of warrants is 10000*.0651 = 651
CVE ACB of Warrants = 1026/651 = $1.576
Gain to report for 2021 = $3.30-1.576 = $1.42 per warrant.... and now your ACB for warrants is $3.30.


Rangers30, please correct errors.

All just my opinion/view/thinking/calculating/gussing

[RagingBull3]

[RagingBull3]

[RagingBull3]

[RagingBull3]

[RagingBull3]

[RagingBull3]

[RagingBull3]

[woodwise]

RagingIdiot3, Why don't you try to just shut the f@ck up and have everyone just assume you are an idiot rather than opening your mouth and removing all doubt. I have to say, I've never come across someone as f@ckin stupid as you>

[RagingBull3]

This post has been removed in accordance with Community Policy

[RagingBull3]

This post has been removed in accordance with Community Policy

[RagingBull3]

This post has been removed in accordance with Community Policy

[RagingBull3]

This post has been removed in accordance with Community Policy

[RagingBull3]

This post has been removed in accordance with Community Policy

[RagingBull3]

This post has been removed in accordance with Community Policy

[RagingBull3]

[RagingBull3]

[RagingBull3]

[SHayden]

Please stop spamming the board, this is very childish.

[Quintessential1]

There is no gain to report.  The 3.24% of the HSE shares were acquired in a stock swap and do not trigger capital gains until sold or exercised and sold and then only in non-registered accounts. At least that is my belief.  If I am wrong I will find out when my brokerage issues me my T5.  In my case the gain on the warrants for 2021 will be so small as to be practically

[RagingBull3]

"For Warrant Consideration Common Shares that were disposed of in exchange for CVE Warrants, the shareholder will generally recognize a capital gain (or capital loss) equal to the amount, if any, by which the fair market value (“FMV”) of the CVE warrants received net of any reasonable costs associated with the exchange, exceeds (or is less than) the aggregate adjusted cost base (“ACB”) of

[Husky4000]

Warrants are taxable.  page 101 of the circular.  There is not an ounce of doubt about that.

[Quintessential1]

Yes after rereading the post by DWDC you are correct the warrants will be taxable based on the 3.24% issued value minus the 3.24% ACB assigned, Nice to know how to calculate it in order to tax plan before the T5 shows up.  There is never much of a window between when they arrive and RRSP deadlines.  GLTY and all longs

[RagingBull3]

And it's a$$ holes that come out to bash and name call and say everything I say, my calculation is wrong, and without indicating/supporting/helping out. Why don't you stop spamming the board.    If you want me to stop posting this, then ask Rangers30 to come out and tell me what's wrong with my calculations.... and have him post some helpful info. Otherwise, stop your B

[Husky4000]

You can't force a professional (if he is) to give free advice on a public.  That would go against ethics.  

[RagingBull3]

I'm just asking for him/her to point out my mistake.... Given that he/she Already Gave Out "Free Advice", and said that my calculations are wrong and everything I'm saying is wrong.    That in itself is "Advice" already.     So, I like to know what's wrong. If he wanted to say something, then he should just say to everyone, "seek

[Husky4000]

Maybe he went too far but it's not a logical reason to go further...

[SHayden]

Purposefully annoying others because someone upset you is beyond childish, it's things like this you do which is why no one wants to help you. Try acting like an adult, and you will be treated like one.

[RagingBull3]

You're the one acting like a child.   You're still stuck in elementary school yard setting where everyone picks on the nerd just to fit in with everyone else.   The nerd hasn't done any really wrong, but just because everyone else picks on him, you join in, even though the nerd hasn't done anything to you.    Grow up...  I expect this from

[RagingBull3]

[RagingBull3]

[RagingBull3]

[RagingBull3]

[RagingBull3]

[RagingBull3]

This post has been removed in accordance with Community Policy