Pyrogenesis Canada Inc T.PYR

Graduating to TSX

[kingscorpion]

Notice how shorters swooped down quite quickly to grab your shares first thing in the morning and rise again quite quickly and notice they can't do it for a long period of time most likely because they are afraid of Peter either he might start buying shares along with us or he could drop a bomb on them in the form of a NR Thats why we keep telling people Do not put a Stop loss on your shares but do watch it periodically and also open your account in TFSA or RRSP only Never open a savings account

[CndnBacon]

Make no mistake, there is a PYRo News Time Bomb already set....tick...tock....tick...tock....

[waru]

holding PYR in a RRSP account is not a very good move in my opinion ...if PYR value increases as most posters on this board believe ALL THE CAPITAL GAINS ARE TAXABLE where if your shares are held in a TFSA you do not need to pay any taxes on the capital gains, and if you hold your shares in a straight trading account you only need to pay taxes on 50% of the capital gains and you can deduct any

[developbc]

Actually not true.  Capital gains within an RRSP account are not taxable at all.  Only when you withdraw from your RRSP is taxable based upon your current tax bracket. Hence the purpose is to withdraw when you retire and have a low income status so the taxes will be very minimal. But yes TFSA would be the best bc of its free tax status on capital gains unless very active trader in which

[kingscorpion]

Waru u are correct to a point If however you are maxed out of your TFSA where will you put your money then An RRSP account where they can't short your stock or savings account where your stock can be shorted Besides you never know down the road they may decide to make changes to RRSP

[GoldenArmVonD]

From the globeandmail, Myth: All of your RRSP investment earnings are taxed Returning to an example, say the $1,000 in your RRSP grows to $5,000 through a combination of dividends and capital gains. When you withdraw the money, you'll pay $2,000 in tax (40 per cent of $5,000) and keep $3,000. Some people look at that and think: "Paying 40-per-cent tax is a rip-off. If I keep my stocks

[Pitpitcolisse]

It makes sense if you plan to withdraw from your rrsp only once you are retired and have no other income, like any $ that is in your rrsp... so it makes sense to buy PYR with what is already in it.

[waru]

Don't forget that you need to collapse your RRSP at age 71 and the amount in it will be taxable unless you buy an annuity in which case at the current interest rates your returns will be miniscule

[Stubbyinsider]

It doesn't collapse, it just converts into a RRIF.

[gordches]

You DO NOT have to collapse your RRIF or LIF at age 71. You can move everything into Self-Directed RIF at age 71. You then MUST take a gov't directed amount each year. SDRIF's do not collapse until you are in your 90's. To buy an annuity in this low interest environment is like committing financial suicide.