Thread: Asset splitting
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Old 09-12-2013, 09:31 AM
HammerDad HammerDad is offline
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Join Date: May 2010
Location: Hamilton
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HammerDad will become famous soon enough

It may be income it may not. I don't know because it would really depend on how it was done. I would highly recommend getting tax advice on that.

However, notwithstanding how you are bought out, once you have the money, there is an expectation that the money will gain interest and that interest would be income. The amount of interest would depend on how you historically invested and rates of return.
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