Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery (DROSRITE), waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.

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Pyrogenesis Canada Inc > TFSA + PYR

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Comment by Takeactionnowon Jul 12, 2020 1:32pm

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Post# 31257599

RE:RE:TFSA + PYR

That is right. The factors that the CRA looks at include: the frequency of the transaction; the duration of the holdings; the intention to acquire the securities for resale at a profit; the nature and quantity of the securities; and the time spent on the activity. The more time spent on the activity (i.e. trading stocks), the faster the sale after purchase, and the extent of profit generated are all important factors. Very few trades in the same stock within a TFSA can be made without attracting attention (unless the account is very low value).

CndnBacon wrote: Buying and selling is part of an Investors strategy, and is acceptable within a TFSA, however Buying and Selling mutliple times,over a course of a week, especially the same stock, and makimg frequent withdrawls of Capital will DEFINITELY find yourself on the Capital Gains list from the CRA....in fact, somebody had mentioned anybody with a TFSA Balance of $250k+ is already on a watch list as it is 4x the Contribution limit.....

vers1demainvert wrote: If you want to maximize your wealth without paying capital gains a tfsa is the way to go. Be warned this is not for day traders for they will have to deal with the taxman. Only for longs.