Tilray Brands Inc TLRY

Taxes

[Brightsand]

Hello, can anyone provide me info? Due to the tilray aphria merger, is this viewed as a sale and capital gains are to be paid? I hope this question makes sense. Thanks for any responses

[quinlash]

I have been trading for years, been through a number of M/A deals, not once asked to pay taxes on the transfer of shares between two companies.  I would highly suggest reaching out to an account to confirm as this may differ between countries (Canadian here).

[Brightsand]

Thanks, I'm canadian also

[Vinny57]

My accountant said no but I see in the Tilray info package it says yes. I am hoping for the former. That way I have a hefty capital gains of $100,000. If it is the latter, I am looking at about $300,000 in capital gains tax. Ouch!

[TOONER77]

YES  I HAD TO PAY ON 50%  of gain 

[quinlash]

You guys need to talk to an actual accountant.  Last I check Canadian pay 50% tax on 50% of the gains therefore 25% tax.  This only applies to regular investing accounts with zero taxes applied to TFSA accounts and no tax on gains within self-directed RRSP accounts.  Taxes on RRSP gains are only applied when funds are withdrawn and that should be when you're retired.

[hevin]

Yes in any regular account but not your tfsa or resp account. you have to pay Capital gains as though it is a disposition even though for you and I it really isn't which really sucks to have to pay outrageous capital gains with money we never saw on shares we still own and then the SP quickly collapsed after the sale. Called CRA who confirmed the stupid rule and even deferred to Tilray. TilRay