Canadian Western Bank T.CWB

Capital Gains

[indmuny]

When (if) the share exchange is made, NA for CWB, is the capital gain considered realized and taxable or is it not realized and taxable until NA is sold? Can't find reference to this online; any authoritative link would be appreciated.

[Red_Deer]

I have been thru a LOT of these over the past 4 decades. USUALLY__But NOT Always__There are Somewhat Complicated CRA ELECTIONS whlch ALLOW the DEFERRAL of the GAIN These WILL BE Explained in GREAT DETAIL in the Actual INFORMATION CIRCULAR which WILL BE Received by ALL Shareholders in Due Course

[FatherJack]

 I think the tax implications will be spelled out in the information circular shareholders will receive before the vote takes place.  i suspect there will be no tax implications until you sell the National Bank shares you receive from the deal.