Q: Hi Peter...More of a comment than a question...RBC Direct shows the book cost of our new TOI shares as $0.01 even though they also acknowledge that the stock opened at $66 per share. A book cost of $0.01 suggests a sizeable capital gain. I have spoken to RBC Direct but so far the book cost has not changed. I was thinking of transferring my TOI Margin account shares to my TFSA account where I also hold TOI shares as a contribution in-kind. However I don't want to trigger a big capital gain and then fight with RBC to get it corrected later. It's early days so I will monitor the share status and hopefully RBC will get it corrected. I suppose CRA will have the final say on wether the TOI shares are a dividend or not.
Jim
Jim