Sale of Canadian co to US Co

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qpet
Posts: 1
Joined: Wed Feb 09, 2022 12:54 am

Sale of Canadian co to US Co

Post by qpet »

I am a Canadian citizen living in the US and I have shares in a private Canadian company that was just acquired by a publicly traded US company. I received some cash but the rest is stock of the new company. In Canada is it just the cash that is taxable (capital gains) or the entire amount (cash plus fair market value of stock)? In the US I believe just the cash is as the stock will be taxable when I sell it.
Thanks !
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