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Do any clubs own AEM? Our club did not intend to own any foreign stocks but has this as a result of a buyout. What issues will I be looking at end of year as a treasurer?

Thanks,

Mary D.

Sent from Mail for Windows

This is a Canadian company trading on the NYSE. You shouldn't see anything different than you see on your taxes now. You will have a line item indicating what income was foreign but it does not complicate the taxes. My club often has foreign stocks.  If you receive a dividend that is taxed then you can subtract the tax off your taxes when you file in April.



On September 21, 2022, at 10:04 AM, "Mary Dearing via bivio.com" <user*37728400001@bivio.com> wrote:

Do any clubs own AEM? Our club did not intend to own any foreign  stocks but has this as a result of a buyout. What issues will I be looking at end of year as a treasurer?

 

Thanks,

Mary D.

 

Sent from Mail for Windows

 

A few years ago, our broker (Schwab) had us complete Canada
Revenue form 302 because we owned stock in a Canadian
company through an ADR. I don't remember the benefit we
achieved by completing the form, but there was some tax
benefit.

I suggest you contact your broker for further information.

Jack