Category Archives: Uncategorized

Tax Treatment of the Brookfield Renewable Partners LP Unit Split and Creation of Brookfield Renewable Corporation (BEPC)

On July 30, 2020 Brookfield Renewable Partners L.P. (BEP.UN) completed a unit split corporate event resulting in each unitholder of BEP.UN on record as of July 27, 2020 receiving 0.25 shares of Brookfield Renewable Corporation (BEPC) for every unit of BEP.UN.  In addition, a cash payment was made in lieu of fractional shares. On […]

Enbridge Income Fund Holdings (ENF) Acquisition by Enbridge (ENB): Implications for Adjusted Cost Base

In 2018 Enbridge Inc. (ENB) completed its plan to acquire all outstanding shares of Enbridge Income Fund Holdings Inc. (ENF).  Under the arrangement, ENF shareholders received: 0.7350 shares of ENB, and a cash payment of $0.45 for each share of ENF held on November 15, 2018.  An ENF shareholder also received an accrued ENF dividend […]

Capital Gains when Trading Bitcoin and other Cryptocurrencies

The Canada Revenue Agency treats the taxation of Bitcoin and other cryptocurrency trading in a similar fashion to trading commodities or foreign currency.  When trading Bitcoin/cryptocurrencies on capital account, your adjusted cost base must be tracked in order to calculate capital gains and losses. This article will looks at the case for Canadians where trading […]