Do I have to claim income from a demutualization benefit payment?

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If you receive a share, you do not have to report any income until you dispose of the share. When you dispose of the share, you may have a capital gain. This gain is the difference in the proceeds of disposition and the adjusted cost base (ACB) of the share

For more information, please see the Canada Revenue Agency (CRA) link as Questions and Answers about Demutualization

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