Serbinski Accounting Firms

So the last piece of this puzzle is how to value the shares at filing. I understand the reserve but how do you value the non trading shares as they will fluctuate in value between the close date of the deal and the time in which the restrictions will come off. Can you adjust the amount once the ...

Thank you very much for your reply. I thought that when the shares went from Canadian Controlled Private to the US company, that CRA deemed them sold and that gains would have to be declared at that time? Can I get your opinion on that?

Thank you so much.

N_tooner

I received restricted, unregistered (1 year) shares in a US public company in exchange for my Canadian controlled corporation shares in a private company as part of a takeover transaction. There was a cash component to the deal as well. What I would like to know is when do I recognize the capital ...