Q: Regarding the BPY.UN takeover of BPO I have a 60% gain on BPO in my taxable acct. I had read yesterday (can't find the reference now) that I could elect to rollover my BPO shares to BPY.UN on a tax deferred basis so I would not crystallize my Capital Gain and have to pay tax.
Is my interpretation correct? I am certainly comfortable holding the combined entity and receiving the higher dividend.
Is my interpretation correct? I am certainly comfortable holding the combined entity and receiving the higher dividend.