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Bullboard - Stock Discussion Forum Aphria Inc. APHA

Aphria, which is headquartered in Ontario, produces and sells medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 countries outside of Canada. However, it does not have exposure to the U.S. CBD or THC markets due to the constraints... see more

NDAQ:APHA - Post Discussion

Aphria Inc. > Good question
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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 DaveInCalgary on Mar 24, 2021 9:54am
What happens if I hold my Aphria Shares in an RESP, TFSA or RRSP account? 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, ...more  
Comment by Oldweed on Mar 24, 2021 9:47am
This should answer most of your concerns acurately. https://aphriainc.com/tilray-inc-arrangement-faqs/
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