Hello again,
My next challenge is how do I account for the sale of some shares. I
have read the documentation, but I am still a bit lost, as the
instructions don't seem to cover my situation.
Many years ago I was employed by a private corporation who "gifted" me
some shares. The company I worked for has recently been taken over, and
as a result the company is buying back the shares.
The shares are in USD, but I get the proceeds in CAD. I am Canadian for
tax purposes, so,
1. how I create the initial allocation of the shares to me,
2. how do I account for the subsequent sale of the shares (not
forgetting that tax and capital gains should be in CAD. Is that a
correct statement?)
I have "played" with the Stock Wizard, but I'm not totally clear whaat
it is saying to me, especially about getting the funds in to CAD so I
can do the tax and capital gains.
I fear I may be entering into the twilight zone, but any help will be
gratefully received.
--
Louise (Louise/Louise's)
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