Amaya Inc. T.TSGI

Primary Symbol: AYA

Consumer Cyclical Leisure

The Stars Group Inc is an online and mobile gaming company with poker, gaming, and betting product offerings. These products are offered both, directly and indirectly, under-owned or licensed gaming brands, and the company also owns several live poker tour and events brands. The firm's primary sources of revenue are its online gaming businesses. The company has three segments based on geography: International, United Kingdom, and Australia. Stars Group generates the majority of its revenue...

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Amaya Inc. > About time

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Comment by Tobuyornoton Apr 14, 2020 10:04am

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Post# 30906946

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:About time

This merger will be considered a disposition. All capital gains will be taxed. Solar was speaking of inside an RRSP or TFSA where CG are not taxed.

Narrishkeit wrote:

solarman2013 wrote: According to my bank, the shares are held in the same account and reflected in cad $ value . There is no deemed capital gain as you aren't pulling out of an RRSP, nor selling shares, simply trading them.

Correct stock mergers are not considered a deemed disposition for capital gains.
However if your broker is too stupid to do this correctly and you end up with cash that is another matter altogether.