Q: Was the conversion to a Corp. a taxable event? They are rather cagey on it.
5i Research Answer:
For Canadian residents, The statutory plan of arrangement was structured to allow Canadian residents to exchange their trust units for common shares on a tax-deferred basis under the Income Tax Act (Canada). This means holders generally would not realize a capital gain or loss at the time of conversion; instead, the tax cost (adjusted cost base) of your original units carries over to your new shares.