TSXV:SSS.P - Post by User
Comment by
maypeterson Jan 11, 2023 6:35pm
177 Views
Post# 35217068
RE:Tax implications ...
RE:Tax implications ...Thanks CanSiamCyp for posting this. I did read it in the circular but I am sure lot of folks would not have noticed had you not posted the same.
For those with registered accounts - no difference but huge difference in tax implication for taxable accounts. GLTA
CanSiamCyp wrote: .... of the Special Distribution are spelled out in the Circular. Of the $23.50 Special Distribution to be paid out and estimated $2.10 of the total will comprise Other Income and/or Capital Gains. Units sold at market prior to the Arrangement Date will be subject only to Capital Gains taxation (i.e., net proceeds of disposition less the ACB at the time of the Arrangement Date).