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L
laurmccormack
April 18, 2022
Question

Do I have to claim income from a demutualization benefit payment?

  • April 18, 2022
  • 1 reply
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    1 reply

    L
    lamanhcb
    April 19, 2022

    If you receive a share, you do not have to report any income until you dispose of the share. When you dispose of the share, you may have a capital gain. This gain is the difference in the proceeds of disposition and the adjusted cost base (ACB) of the share

    For more information, please see the Canada Revenue Agency (CRA) link as Questions and Answers about Demutualization

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