GB Group Ord Shs GBGPF

RE:Cannimed-Aurora Tax Information Posted

[longonMJ]

So, are you saying that I cannot do a "partial" Joint Tax Election for just the shares portion of the takeover if I select the all cash Option 2?

I guess it's also an ignore if you want to use your CMED shares to declare a tax loss in order to offset your capital gains from the initial sale of your Aurora shares into CMED the other month?

Thanks again for posting this info as it will definitely be useful for people that don't like to wade through all of the fine print.

MartialArts wrote:
The tax information relating to the Aurora-Cannimed takeover has been posted.  More information that most people likely won't read.  It certainly creates a bias that those not wanting to deal with tax implications will select option 1, the "all shares" transaction to avoid all of this.  It appears to can ignore all of this if you are holding in a registered account (TFSA or RRSP).