If you hold shares of BN.TO (Brookfield Corp)
Beware! The upcoming transaction merger of BN and BWS is a taxable event.
Unless… Wealthsimple submits a letter of transmittal for its clients, so you can get a joint tax election.
After days arguing with their support, for absolutely no reason at all, Wealthsimple is refusing to submit the letter of transmittal. Essentially, they are holding our shares hostage, forcing shareholders into a taxable event.
I would do an ATON out, but I hear WS is incredibly slow with ATON. Is that correct? Deadline to do this is July 13th. So we are stuck.