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)

Free
Message: NOT just yet, she’s just revving her engine on the starting line…
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Careful folks....this is my understanding....I could be wrong, but you might want to look into this as well.

The transfer out of your account would be considered a deemed disposition, for which you would trigger a gain or a loss.

I believe that if you trigger a loss; you lose that loss....you cannot claim it. But if you trigger a gain, then you have to claim the gain.

Worth looking into, as I would believe that current shares held would be in a loss position.

This does not apply to TFSA......if you make money, it's tax free. If you lose money, no tax breaks.

Also if you take money out of your TFSA during the calendar year, you can't put that money back in until Jan 1 the next year.

5 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply