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Woulfe Mining Corp WFEMF

Metals & Mining Industrial Metals & Minerals
Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.


GREY:WFEMF - Post by User

Woulfe Mining Corp > To transfer or not to transfer. . .
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Comment by TechOneon Jan 05, 2015 11:07pm
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Post# 23288436

RE:RE:RE:RE:RE:RE:To transfer or not to transfer. . .

RE:RE:RE:RE:RE:RE:To transfer or not to transfer. . .No problem.. Here it is straight from the horse's mouth..  :o)

 

"In kind" contributions

You can also make "in kind" contributions (for example, securities you hold in a non-registered account) to your TFSA, as long as the property is a qualified investment. You will be considered to have disposed of the property at its fair market value (FMV) at the time of the contribution. If the FMV is more than the cost of the property, you will have to report the capital gain on your income tax return. However, if the cost of the property is more than its FMV, you cannot claim the resulting capital loss. The amount of the contribution to your TFSA will be equal to the FMV of the property.

  


They want thier cake and eat it to..  If you have a loss, you can't claim it and if you have capital gains, you better report it on your Tax returns.. 

https://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/nvstmnts-eng.html
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