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  5. PKI: If I exchange 100% of my Parkland shares for shares in the newly forming Sunoco corp. [Parkland Corporation]
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Q: If I exchange 100% of my Parkland shares for shares in the newly forming Sunoco corp. what sort of capital gains liability would be triggered? Parkland shares were originally purchased for $21 ?
Thanks,
Philip
Asked by Philip on June 27, 2025
5i Research Answer:

Because it is a cross-border acquisition, it is taxable. Investors need to calculate the value of compensation received (it will be cash plus SUN shares) using the value of SUN shares (when first listed). This sum will be the compensation and then taxable against the adjusted cost base (in this case $21). 

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