Something To Consider If anyone has purchased either DDN or UNR " inside their RRSP " for more than the current price of
. 05 and expect the price to jump above what they purchased it for, it may be advantagous to transfer the shares "in-kind" to a Tax Free Savings Account. For example if you bought 50,000 shares at
.35 inside your RRSP it cost you $17,500 If you now transfer them into a TFSA value of the 50,000 shares at
.05 is $2500. You have them freed up and you only have to pay the 10% tax or $250 + $25 admin fee and the shares are free and clear. If the price happens to jump to $1. all that money is now tax free. Food for thought.
Cheers
CherryCoke