OTCPK:XSNX - Post by User
Comment by
forcaster13on Jan 16, 2006 6:15pm
107 Views
Post# 10190574
RE: RRSP
RE: RRSPok this is my brokers response. We are good to hold XSNX in our rrsp's.
1) RRSP eligibility... is determined by CCRA (or whatever RevCan are
calling themselves today).. I am not sure what the requirements are, but an
example of an ineleigible investment are some closed-end funds (think hedge
funds) and some Flow-through issues... it is very hit and miss, and there
is no "rule of thumb".
2) Personal eligibility... Even if a stock is RRSP eligible, you may have
indicated that a certain investment is not suitable for you. For example,
if you are a 85 year old pensioner, you may have indicated that you only
want Bonds and GIC investmens (low risk), so even though XSUNX is RRSP
eligible (*in General*) it is not suitable *for you*... (high risk)
FC13