RE:RE:Anyone out there buy some of this...NamesJeb wrote:
Yes I have RGLD.CN in my TFSA. Check your Alma shares, they should say listed in currency :cad. My understanding is it's being listed on the US side and cad side and we're waiting for the cdn side to list before it can be traded. This may be incorrect however, just putting this together from what others have posted.
UPON FURTHER REVIEW I MAY VERY WELL BE WRONG: READ THE ENTIRE RELEASE REGARDING SPINCO/ALMA AND SPEAK TO A QUALIFIED TAX ADVISOR. A New Red Lake Share will be a qualified investment for a trust governed by an RRSP, an RRIF, an RESP, an RDSP, a TFSA (collectively, Registered Plans) or a deferred profit sharing plan as those terms are defined in the Tax Act at any time at which the New Red Lake Shares are listed on a designated stock exchange as defined in the Tax Act, or the Company is a public corporation as defined in the Tax Act. A Spinco Share will not be a qualified investment for a Registered Plan from the date of issuance unless the Spinco Shares are listed on a designated stock exchange as defined in the Tax Act on or before its filing due date for its first taxation year and Spinco validly elects to be a public corporation for purposes of the Tax Act from the commence of its first taxation year. There can be no assurance as to if, or when, the Spinco Shares will be listed or traded on any stock exchange and, therefore, no assurance Spinco will be able to make the election to be a public corporation. Should the Spinco Shares be distributed to or otherwise acquired by a Registered Plan other than as qualified investments, adverse tax consequences not described in this summary should be expected to arise for the Registered Plan and the annuitant, holder, or subscriber thereunder. Resident Holders that hold Red Lake Shares and will or may hold Spinco Shares within a Registered Plan should consult with their own tax advisors in this regard.