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Ivernia Inc IVWFF

Metals & Mining Industrial Metals & Minerals
"LeadFX Inc is a Canada based mining company. It is focused on the development of lead-silver projects. The company owns an interest in Paroo Station mine, a lead carbonate mine in Western Australia. Paroo Station mine is the company's principal asset and production stage mineral property. It produces one product, which is lead carbonate concentrate for sale to primary and secondary smelters located in China, Europe, and North America. In addition, the company through its subsidiaries also owns


OTCPK:IVWFF - Post by User

Ivernia Inc
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Comment by resmanon Mar 19, 2009 8:18am
215 Views
Post# 15854557

RE: RE: IVW shares transferred to TFSA

RE: RE: IVW shares transferred to TFSA

I believe you are not correct when you say yopu cannot claim, the capital loss when you transfer over to the TFSA.

When you transfer to the TFSA it is considered a point of sale.

If you bought at 1.00 (in a margin account) and sold at .10 you will have a capital loss of  .90 per share.

Then you buy back into yopur TFSA at .10

Then grows from .10 to 1.00 Tax free

However: If you buy it at 1.00 in the TFSA and it goes to .10 then you cannot claim capital loss.

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