Post by
koolman on Mar 24, 2021 8:18am
Good question
Will the CRA consider the shares disposed upon merger thereby triggering a sell from a tax position? I have run into this situation before and was slammed with tax problems??
any insight please?
K MAN
Comment by
Viking49 on Mar 24, 2021 8:26am
At merger time, there will be a disposition of APHA shares. That will happen whether you sell the shares or have them converted to Tilray shares. So plan for the tax implications that will have to be settled spring of 2022.
Comment by
DaveInCalgary on Mar 24, 2021 8:58am
I have run into this situation where shares were rolled over into another company, also specically cannabis firms going back years, Bedrocan into Tweed, MPX into Ianthus, etc and not a single time was a Tax triggered or required to be paid
Comment by
Oldweed on Mar 24, 2021 9:47am
This should answer most of your concerns acurately. https://aphriainc.com/tilray-inc-arrangement-faqs/