RE:RE:RE:RE:Eldorado SP droppingAlso, here's some cut and paste for Canadians if applicable to your tax situation,
Tax Deferral for Target Shareholders
The availability of the tax-deferral benefits under sections 85 and 85.1 of the Act can often facilitate transactions since a buyer could purchase a target corporation without causing immediate tax consequences to the target shareholders. In an all-cash deal, the selling shareholders will realize a capital gain to the extent that the proceeds of disposition of their shares exceed their tax cost and reasonable costs of disposition. However, where the buyer has the ability to issue shares or cause shares to be issued to the target shareholders as consideration, the provisions of sections 85 and 85.1 could be used to provide such shareholders with the opportunity to defer all or a portion of their gain.