SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DaveAu who wrote (535)1/12/2005 7:30:29 AM
From: Hart  Read Replies (1) of 548
 
Just passing through ..

There are probably documents somewhere that explains how to treat this transaction for income taxes. My first step would be to go through the papers to see if that exists.

Otherwise, I'd probably add these three figures together (1) settlement amount (2) MV of ONC shares received, and (3) MV of HKR shares received and use that as the proceeds of disposition on your class action shares, in relation to your ACB. The MV of ONC and HKR (on some date that settlement was made?) would be your new ACB when you sell them - not zero cost. This would be for the non-registered shares of course. You probably know this, as you will probably receive a T4RSP for the withdrawal in the RRSP account when you received the cheque directly (or you should)

Just i.m.o. what I would do and how to treat this transaction. I would stress locating documents as first choice.

HART
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News