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Technology Stocks : Allen-Vanguard Corp (TSE: VRS, ADR: ALNVF)
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To: kidl who wrote (102)3/4/2009 11:15:22 AM
From: Sultan   of 115
 
All that mean is, you have a deemed disposition so now you have a taxable event.. and you claim it with your other gains and losses for the year..

If you have bottom line losses, then you can either apply it against gains from previous years (up to 3 years) or you carry the loss forward to be claimed in future year..

Either case, just extra paper work that could have been avoided depending on the type of the deal they did but I guess at this stage don't have much choice.. Pisses me off though..
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