Genoil Inc GNOLF

GNOLF in TFSA's

[Optimist123]

I looked on the TFSA rules with Revenue Canada https://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/glssry-eng.html#prhbtdnvsmnt This states that as long as it the company is listed on a designated stock exchange it is allowable. Then I looked up "designated" stock exchange and it said inside or outside Canada for publically traded shares. Publicly traded shares and shares of public corporations https://www.cra-arc.gc.ca/E/pub/tp/it320r3/it320r3-e.html#P98_9595 5. Shares of a corporation listed on a prescribed stock exchange in or outside Canada are qualified investments for a plan trust. Shares of a public corporation (other than a mortgage investment corporation) are also qualified investments for a plan trust. For comments on the meaning of "public corporation", see the current version of IT-391, Status of Corporations. Shares of a corporation that were listed on a prescribed stock exchange but that have been suspended from trading or de-listed continue to be qualified investments if the corporation that issued the shares was, and remains, a public corporation, and the shares do not otherwise cease to be qualified investments. A share of a corporation subject to an escrow agreement may be a qualified investment if the share has been issued and not simply allotted to a plan trust; the shareholder has all the rights of ownership that every other shareholder has in relation to the issuer; and shares, identical to the escrowed share, that are not subject to an escrow agreement, are qualified investments.