Q: Hello 5i, I own Crew in a cash acct and will wait for the conversion to shares of Tourmaline. My question is will this transaction be considered as a taxable disposition of my Crew shares?
5i Research Answer:
A Canadian share exchange for a Canadian company is not taxable (for Canadians). But a filing needs to be done with one's taxes so CRA knows that the investor has chosen a tax-free rollover.