Victor C. asked
I have shares in a Canadian private company that I am returning to the company in exchange for some assets. The shares were acquired in 2018 at $0.01 each, and the company now values them at $0.05 each. I don't want to pay capital gains tax on the difference. How can I structure this transaction to avoid capital gains tax?
March 31st, 2023
Amy R. answered
Since the value of the shares has increased from $0.01 to $0.05, you will be liable to pay capital g...
March 31st, 2023
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