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This web site might help you figure out what is going on:


This looks to be a very useful site. Thanks for the reference.

As a side note, miji managed to track me down on Thursday evening. I told her that I would be happy to review the transactions after I finished my October 15 deadline work (I hate extensions). I got back to her last evening and she was able to efile her returns just before the midnight deadline. Another satisfied customer of this forum. <g>

For anyone who wants to know the specifics, the Vignette/Open Text merger was a fully taxable transaction where the Vignette shares were sold for $8.00 plus the value of 0.1447 shares of Open Text, followed by a "purchase" of 0.1447 shares of Open Text for each share of Vignette, followed by the sale of any fractional shares of Open Text.

The Tim Horton reorganization was what I would call a hybrid merger. The shares of old Tim Horton were merged into new Tim Horton on a 1:1 basis. However, if the new shares were worth more than the cost basis of the old shares, the excess would be a taxable capital gain. If the new shares were worth less than the cost basis of the old shares, the loss could not be realized at this time. Cost basis in new Tim Horton is the greater of value received or cost basis in old Tim Horton.

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