Agoracom: Small Cap Investment - Noront Resources

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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TFSA info for succession

glorieux

Dec 20, 2009 09:34AM

Re: TFSA info for succession

Sudbury Novice

Dec 20, 2009 10:01AM

Francis Dube

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Re: TFSA info for succession

in response to

Re: TFSA info for succession

Sudbury Novice

posted on Dec 20, 2009 10:25AM

Well, first it confirms that there exists provincial jurisdiction as to how TFSA are disposed. So any conclusion we reach here is subject to each province's rules and regulations.

My interpretation is that they would have no tax liability for the beneficiary but the TFSA should cease to exist. I have no regulation to hang my hat on but this would seem logical to me.

I will have a talk with my CA and see what his thoughts are.

Glorieux

6 Recommendations

Re: TFSA info for succession

vermillion

Dec 20, 2009 10:31AM

Re: TFSA info for succession

Sudbury Novice

Dec 20, 2009 10:53AM

Re: TFSA info for succession

Sudbury Novice

Dec 20, 2009 10:57AM