Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. It has over 730 million original oils in place (OOIP) and its low decline production of approximately 3,200 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large original oil in place (OOIP) pools. Its North area includes Grande Prairie, Clearwater, House Mountain, Mica, and Mitsue properties.

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Cardinal Energy Ltd (Alberta) > More TFSA money

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Comment by Quintessential1on Mar 01, 2024 9:17am

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Post# 35908745

RE:RE:RE:RE:More TFSA money

Hey loops you were right ! It is not the same thing at all ! Far less profit....for you!

You can't avoid paying the full 100% marginal tax rate on all of your gains in your RRSP loops.

The TFSA investors have a very good chance of paying no tax. Very very good loops LOL

Thanks for reminding me of the date so I could repost it...LOL

Or should I say...gracias grinDR

PMSL

GLTA

loopsbutterfly wrote: The point is about the 50% rule for capital gain or loss....

if Revenue Canada find you trade too much in your TFSA and consider you as a day trader they will not agree for the 50% rule and you could become fully taxable and I know some investors catched on that rule...

example: capital gain $14 000 x 50%=$7000 taxable at your bracket

day trader: capital gain $14 000 x 100%=$14 000 taxable at your bracket

it is not the same thing at all !!!! far less profit