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^ I'm not sure why/how you got about $75 or why your statement is showing a sell of 1 share for $75 BIPC.

My simple math tells me your IPL 300 shares at $20 each should have been converted to $6,000 worth of BIPC. In which case (yours) was 103 BIPC worth $58.25 each.

However a quick google chart of November 5, 2021 (November 1st was the conversion date, was a holiday/weekend?) showed BIPC was worth CD$52.07. Based on this price, you're about 12 shares short (due to pro-rating?) but then you should have been given the cash in lieu of such shortness. Did you check?

I took my cash as don't want any BIPC shares so can't tell you the exact price of the conversion.
 

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When I look into my account, it shows me that the average price of my 103 BIPC shares is $35.09
... could that average price be your ACB for IPL that was just transferred/used for BIPC?

Something else puzzles me. I don't see any selling of my IPL shares in my records. I had assumed that if they are swapped this counts as some disposition and I'd have to pay capital gains.
... check your Transactions history for 2021 between October and November 2021 if that helps. I'm with BMOIL and my IPL was converted to cash on November 1, 2021 as "Exercise" under the Description column of the Transactions history. You should have a transactions history with your brokerage.

But, maybe this is a special case due to corporate action? All I can say, is I am very much hating these spin-off/aquisition/hostile-takover deals. Had a feeling it would be a nightmare, and further reasearch shows many others are very confused on how to go about this as well.
... the acquisition of IPL was very onerous, lengthy. There was ALOT of back and forths, negotations that entail something like 7 pages of "updates" from my brokerage. BMOIL gave its clients choices (elections) of Option 1 - get $20 per IPL if you're absoulte sure, Option 2 to 3 conversion to BIPC shares, Option 4 - supplementary shares of BIPC and Option 99 - Default of do nothing or retain shares. I'm not sure I picked 1 or the default and then let BAM(?) buyout IPL out at $20 share.

For a fact, I did NOT want any BIPC shares. And so I received my cash conversion on Nov. 1, 2021 as mentioned above and paid my capital gains tax for that. All done and over with. Also, I received the last dividends of IPL on Sept. 15, 2021 as they stated being a shareholder of record on that date.

I'm certain there's another member who had their IPL converted to BIPC (popular sister company of mother BAM) who can provide you with additional info on the cost conversion since you would need to verify your "BIPC's ACB" if you did not receive cash in lieu of any shares shortfall upon conversion. Just hold/wait for that input.
 

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I'm surprised no one has responded about taking their option in converting their IPL to BIPC. Anyhow, not to worry. Time for OP to do some 'real' homework.

Call up your broker and ask them to explain what "exactly" did they do with your conversion as you're stumped, if not still pulling your hairs out trying to figure out what they did (103 BIPC shares, sold 1 at $75??? WTH) ... and yes it's 2023.
 

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^ Tells you how fond I was (am) of the acquisitor(sic) of IPL of which the above comment is for.
 
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