TSX:TNT.UN - Post by User
Comment by
CanSiamCypon Mar 18, 2021 11:22am
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Post# 32825834
RE:RE:RE:Solid results. Will add more.
RE:RE:RE:Solid results. Will add more.No. The annual RoC received is used to reduce the ACB of the stock - resulting in a larger Capital Gain if/when the REIT units are sold. However, if ACB should ever hit zero due to the annual RoC then any additional RoC must be declared as Capital Gain in the year received. ACB cannot be set below zero.
taichi70128 wrote: Do we have to pay tax because 100% ROC on dividend?