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Gold/Mining/Energy : CGI Group (GIB.A) -
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To: Jean-Robert Grenier who wrote (372)5/12/1998 10:18:00 PM
From: BM  Read Replies (1) of 1673
 
I would say that the basic issue is your ACB (adjusted cost base) for the BCE shares you'd acquire.

For example, if you had purchased 1000 CGI at $10 (ACB=$10,000) and received 500 shares of BCE at $20 (value still $10,000) then you have no capital gain. But if instead you got 600 shares of BCE for your CGI, you would have shares valued at $12,000 at an ACB of $10,000 so you would have a capital gain of $2,000.

That's how I understand it, but I'm not an accountant.

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