Hello all,
Beginner at reporting stocks here, appreciate if anyone can help. I bought some stocks from 2018, never sold any of them, I was holding them. But due to some company acquisitions, some of my stocks got transferred to the new company. And at end of year, I somehow got a T5008 with "proceeds of disposition or settlement amount". I understand there might be gain/loss in the value of the stocks I hold due to the new company acquiring the old one. But I've never actually made a transaction to sell my stocks.
My question is, do I still have to report these "proceeds of disposition".
According to the T5008, I've gained on 1 acquisition of 1 company's stock. And have lost on another acquisition of another stock.
Do I report them? I haven't done a thing about initiating any of these transactions.
Thanks, any help is appreciated!
