Replies to post #7197 on Mostly: Classical

[Sexton O Blake]

Taxing question indeed..

OT:
Not sure if anyone has an answer for this. Regarding Redback's stock consolidation and warrant issue..

Anyone know the tax implications (assume it was Canadian instead)?

My thought would be:
Attribute the my purchase against the common stock (73 for 1) as normal.
Treat the Warrants (pair) as purchase value of $0.00.

Sounds logical to me. Last time I had Palm and they split from 3COM - I got a huge DIVIDEND on my T5. (A simple letter with a "declared value" was all I needed to get around that bother; well, plus some rule changes Back at the CCRA - at the CCRA -- BACK AT THE CCRA!!)

Any help would be appreciated.
SoB