Welcome to the San Gold HUB on AGORACOM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash

AGORACOM WIRE .... TUESDAY FEBRUARY 14TH

UPDATE 1:30PM

Graphite is the Emerging Investment Story of 2012

Graphite Investment Conference Vancouver

Hotel Vancouver | BC BALLROOM | 2-4 PM | February 23, 2012 - Attendance is free

Find out more today!

Breaking News ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT Read More  |  Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

 AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

INAUGURAL GRAPHITE SPONSORS

 

 

Message: TFSA strategies

Generic_profile
Rank: [?]
President
Points: [?]
16063
Rating: [?]
Votes: 225 Score: 3.6
  • Currently 3.7/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Re: TFSA strategies

in response to Re: TFSA strategies by AndyK
posted on Aug 25, 09 01:33PM

I dont see any advantage in making any withdrawl from you TFSA unless you have a reason for that cash.... as you have to wait till the following year to put it back in.

One might however remove funds to do a flow through placement in one's Cash account. This would allow the tax advantage to be taken.

I have utilized the swap method to move a placement and Wts into the TFSA within the hold period as there is no deamed transfer of ownership.... But it is deamed sold on that date for the purpose of tax....

IE you take a placement for $10,000

The stock is placed in you Cash account with the wts. ( As a unit)

You can swap the stock into the TFSA when it is advantagous to you... IE the stock is trading at the placement price.... $10,000 It is deamed sold and you would put $10,000 as the deamed sold price. You swap it with another investment IE SGR worth $10,000. The beauty of this is that you can use the trading price without actually making the trade... The swap is also much cheaper than the trade in my account.

I certainly don't intend to remove any funds from my TFSA just in case they get stuck outside.... Maybe they change the rule to limit swaps, or the amount you can recontribute. So far this has been very benifical in moving RRSP investments into the TFSA. There are always some oportunities that can be taken that maximize the trade balance in favour of the TFSA. At this point in time the swaps are allowed.... I would bet they plug this hole in the future.

New Message

Please login to post a reply

AGORACOM Quick Tips

AGORACOM 100 - The Top 100 Small Caps ... Find Your Next Investment
Watch
Today's Show
in 00:00:000

President's D.D.

Connect to all the official filings and news releases found on SEDAR. read more