I have received shares of a US spin-off company. As the number of shares received is low, I decided not to make an election under ITA section 86.1 and report the market value of the spin-off company shares as a dividend.
A couple of questions:
1) Should I report this under Line 12100 - Foreign interest and dividends?
2) for the market value reported to CRA, should I use the closing price of the first trading day as the fair market value reported?
Thanks.
