Is a company share transaction considered a quota transfer?

Answer: Yes!  If quota is held within a corporation, any share transactions (common or preferred shares) whether by way of issuance, redemption, share ownership changes, etc., are considered deemed quota transactions. All regular quota transfer rules apply, including transfer assessments.

You will be required to fill out the applicable quota transfer forms.

Please contact Commission staff well ahead of any proposed share reorganizations as these require Board approval.