Ventura Cannabis and Wellness Corp CVHIF

RE:RE:RE:RE:Just Talked To My Brooker

[dileas48s]

When the deal was announced all of my remaining shares were in my registered accounts - TFSAs and RRSPs - so there was no loss for me to realize - except my tears - lol.

In June of 2020 I did sell 15,000 shares from my non-registered account and took the loss.  I got $0.075 for those shares.  I did take the loss for those shares and that has been helpful for my 2020 taxes.

The first tranche was considered a dividend, so it should be taxed the same (I'm not sure how the gain is measured (i.e. what's the ACB) if and when you sell). 

I don't know what the ACB will be for the shares in the second tranche.  Since mine will be in sheltered accounts it doesn't matter.

DashForCash wrote: So Dileas and/or others if you don't mind - you sold your shares to salvage essentially anything - correct? And then have locked in your capital loss (against future gains)...but how do you see classifying the eventual shares of Vibe? As in for tax purposes? Comments anyone?