-
Brookfield Corporation Class A Limited Voting Shares (BN)
-
Brookfield Reinsurance Ltd. Class A Exchangeable Limited Voting Shares (BNRE)
Q: I spent some time reading the Offer to Exchange as I was thinking of doing this even before the offer came out. I am trying to reduce my taxable income because of the clawback of OAS and the RoC distributions works for that. However, I noticed that this will be a taxable event, ie it will generate a capital gain or loss on the BN shares that are exchanged. For long time holders with a capital gain it may not be worth doing. I didn't see any mention of the tax consequences in previous questions.
5i Research Answer:
Thank you; yes. Any capital gains taxable payable should be considered with this offer to exchange.