GREY:CNKEF - Post by User
Post by
Themacguyon Jan 19, 2017 8:28am
232 Views
Post# 25726818
CRAFT Spinoff and taxes
CRAFT Spinoff and taxesGot a notice in the mail yesterday from TD Waterhouse. It informed me that my RRSP account holds a non-qualified investment = CRAFT via the CKE spin-off, and these shares are subject to a one time penalty of 50% tax to the CRA. Since the CRAFT shares are valued at 6 cents per share in my account, it may be worth paying the 50% tax - since fair value seems to be about 18-22 cents. Since there is currently no active market for the CRAFT shares there is no way to sell them. Anyone else deal with this yet?