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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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.


TSX:CJ - Post by User

Comment by Pandoraon Jan 05, 2024 4:55pm
141 Views
Post# 35813192

RE:More TFSA money

RE:More TFSA money
You possibly should have transferred the shares from your margin account to your TFSA (or your RRSP if you have room). It is still a "deemed" sale thus taxable but puts them in a tax free zone.
Future withdrawals from the RRSP(RIF) will be taxable though. Moving them to your TFSA is the preferred option although still taxable as a "deemed" sale. And then buying additional in your TFSA assuming you have room.

Pretty tough to avoid a tax on the existing shares one way or another. This is just a novice opinion -- not advice by the way.
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