RE:Tax Implications - Sell or Retractmaxjac wrote: For income tax (capital gain specifically), is there a difference when we sell FFN shares on the open market versus if we retract those shares through the special retraction right program?
For example, if one makes a capital gain (profit) of $10,000 by selling on the stock exchange, would the income tax due on this profit be more, less, or equal to having made the exact same $10,000 profit by retracting said shares?
Hope my question is clear enough... I'm really trying to see if there is a difference in taxation.
My tax accountant over the years has treated it the same as an open market sale.