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Engineering, procurement, construction & management of crude oil refineries.

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Message: RRSP

RRSP

posted on Jun 22, 2009 09:56PM

Well would like to see the stock trading somewhere. However I have a lot of stock invested in RRSP's and havent had a chance to contact anyone yet. However the worst case scenario is that I would have to sell the stock from my RRSP or switch it to a cash account. Just my opinion but I would have to have enough cash in my cash account to cover the cost of the stock because if I sold from my RRSP and took out the cash to buy it in a cash account I would be taxed as withdrawing from my RRIF. Major tax implications there. What if the stock kept on trading on TSX until the listing on CDNX was firmed up, then it delisted from TSX and switched to CDNX. Would not have to take the stock outta my RRIF. Any comments about that????

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