Kodi There are way to many variables at this point in time to do proper tax consequences.

However, a good possibility would be a capital dividend from CUU to shareholders providing the properties are classified as capital and not inventory by both CUU and CRA. A capital dividend would be tax free to the recipients as CUU would "pay tax" on the capital gain realized on the sale of the property.

If the properties are considered inventory then anything other than outright sale or exchange of shares would result in dividends to shareholders. The dividends would be taxable unless the shares are held in a TFSA or retirement account. There is a dvidend tax credit that would reduce taxes considerably depending on your income level from other sources.

Best we can hope for from a tax perspective is an all in buyout so that everything is capital gains, or some combination of a capital dividend (not taxable) and then a sale of shares so that there are only capital gains and no taxable dividends.

These are my thoughts, I am an accountant, and a former CRA auditor. Seek professional accounting advise based on your exact circumstances and financial goals. One size does not fit all.

Good Luck to all

Nut