LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

RE:RE:RE:Tax free savings account

[HARJAY]

Just to clarify transfers in kind  into a TFSA from a non registerd acct. The amt. you transfer is subject to the normal capital gains based on the cost of the equity you originally purchased up to the date you transfer. In other words if you had bought LSG back in the summer at say $0.30 and then decided to transfer $5500 worth into your TFSA at the beginning of Jan 2014 when say LSG was
$ 0.60 the diffrence between the cost of $0.30 and the transfer price of $0.60 has to be declared as capital gains in the 2014 tax yr.

Hope this clarifies the issue.