Biosign Technologies Inc BITKF

NOt so fast still OK for RRSP Because

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it is both a CDN company...and it is listed on an EXCHANGE..that being the Franfurt exchange. And IF you contact ccra..they can advise you re the intricacies of a swap....where you would end up paying tax..would be...in moving stock..outside RRsP..or swaping in exchange for inside...but the inside moving to outside RRSP..in EQUAL value would qualify as a SWAP in many instances...talk to CCRA re this... IF you had cash...or say a GIC...outside your RRSP...you could swap..equal value for what you wanted to move out of your RRSP...and you wouldnt crystalize cap gains...for the amount you are swaping..from outside RRSP for inside...and for what is inside...because it would be a swap...would not in most cases generate an immediate tax implication. YOu can also apply for an advance ruling re this as well. However the tricky thing is that in moving a stock...where there has been a cap gain...in a swap from outside your RRSP...to inside...there would be tax consequences..for Cap GAin....as it would be considered a deemed dispositon. However the Cap gain rate is less in most cases than the tax hit..of you simply moved the stock out of your RRSP directly...and didnt swap... OR of course you can sell...within...and not trigger..(within the RRSP). But...since the company is still listed on an EXCHANGE.Frankfurt.....and frankfurt is an exchange per CCRA..and since this is a CANADIAN company still....it would still be RRSP compliant. That is the key thing......or you could do a swap.....but where you willl trigger cap gains..is in moving the stock from outside into...in exchange..for equal value inside. HOwever for now...given that bio is still listed on the Frankfurt exchange...the shares should still be RRSP compliant.