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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Message: OT - TFSA
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Re: OT - TFSA

in response to
OT - TFSA
by
Corndog
posted on Aug 01, 2009 09:05PM

You're spot on with your question Corndog. You can indeed contribute more than $5000 in any given year subject to the 1% tax penalty. So if you buy, let's say 5000 shares of XYZ Aug 1st at 1.00 and they go up to $10 a share 3 days later ..... 5000 x 10 = $50,000.....Pay the 1% penalty of $50. Transfer the 5000 extra out of the account. The remainder...$50,000 - 5000 - 50 = $44,950...Tax free baby!

Where were you 2 weeks ago with this info??? lol

96klite

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