RE:RE:RE:How did people’s Canadian holding convert?If you hold in TFSA, RRSP or RESP.... non taxable event.
If you hold in a non-tax sheltered account it IS a taxable event as a Canadian resident. To be honest with you, this suprised me. But I guess that is why I pay an accountant $2500 a year to figure my tax circus out.
For Canadian resident shareholders that hold Aphria Shares in an RESP, TFSA, RRSP or other registered account, no immediate Canadian tax will arise as a result of the arrangement, whether or not any gain is realized on the disposition of Aphria Shares. Further, Tilray Shares will remain qualified investments for an RESP, TFSA and RRSP or other registered accounts.
For a summary of certain of the principal Canadian federal income tax consequences of the arrangement applicable to Aphria Shareholders, please refer to the section titled “Certain Canadian Federal Income Tax Considerations” in the Circular. Such summary is not intended to be legal, business or tax advice. Aphria Shareholders should consult their own tax advisors as to the tax consequences of the arrangement to them with respect to their particular circumstances.
Aphria Shareholders who are residents of Canada for purposes of the Tax Act should be aware that the exchange of Aphria Shares for Tilray Shares under the arrangement will be a taxable transaction for Canadian federal income tax purposes. Aphria Shareholders who are non-residents of Canada for purposes of the Tax Act and that do not hold their Aphria Shares as “taxable Canadian property” will generally not be subject to tax under the Tax Act on the exchange of their Aphria Shares for Tilray Shares under the arrangement.
For a summary of certain of the principal Canadian federal income tax consequences of the arrangement applicable to Aphria Shareholders, please refer to the section titled “Certain Canadian Federal Income Tax Considerations” in the Circular. Such summary is not intended to be legal, business or tax advice. Aphria Shareholders should consult their own tax advisors as to the tax consequences of the arrangement to them with respect to their particular circumstances.
https://www.aphriatilraytogether.com/ hevin wrote: even worse, despite my shares being up more than 3X from what I originally bought them at as Aphria, they now show a loss, rather than being up 3X. This is why I'm worried that my broker was correct in telling me it is a taxable event as a disposition. Yes, I know what you're going to say Commoncents, but when I called the CRA business peeps, they couldn't even give me clarity, and said that I have to contact the corporation. Common, do you have any deets to share about this? I don't want to have to contact the company...
Oldweed wrote: CaneIsAbel wrote: Just a question for people here please and thank you?
I whent from APHA TSX directly to TLRY TSX x 0.8381. As TLRY TSX didn't exist at the time of the deal I was expecting to see my shares on the NAS at 0.8381. It was a the time of deal clearly indicated that TLRY was expected to list shortly after close (not at close) I'm thinking there is some confusion hear that should be clarified as Canadian shareholders to the conversion hit and the CAN/US conversion all at the same time.