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As a TD Direct Investing client, do I have to pay tax on foreign spin-off shares?

If you reside in Canada and have received foreign spin-off shares, their value is taxable as foreign dividend income. The receipt of spin-off shares may be tax-deferred if certain conditions are met. 

For more information, please visit the Canada Revenue Agency (CRA) website.

This is for information purposes only. Please consult your tax advisor for more information specific to your circumstance.