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TRX Gold Ord Shs V.TRX


Primary Symbol: T.TRX Alternate Symbol(s):  TRX

TRX Gold Corporation is a Canada-based company, which is advancing the Buckreef Gold Project. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Anfield, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Company produces gold at its 1,000 tons per day processing plant. Its gold development operations include the Sulphide Development Project, in which the sulphide ore encompasses over 90% of the Buckreef Main Zone's two-million-ounce gold measured and indicated mineral resources. The Buckreef Project hosts an NI 43-101 measured and indicated mineral resource of over 35.88 million tons (MT) at 1.77 grams per ton (g/t) gold containing 2,036,280 ounces of gold and an inferred mineral resource of 17.8 MT at 1.11 g/t gold for 635,540 ounces of gold.


TSX:TRX - Post by User

Comment by felix10on Dec 07, 2015 2:20pm
85 Views
Post# 24362321

RE:Capital Gains Reserve?

RE:Capital Gains Reserve?kuat:
I'm not an accountant either, but I'm pretty sure the capital gain reserve wouldn't apply in this case, since you get all the money at the time you sell any shares. The reserve applies when you are receiving the money from a sale over a period of years...
ie:
https://www.taxtips.ca/filing/capgainresother.htm

also:

https://www.taxplanningguide.ca/tax-planning-guide/section-3-investors/capital-gains-reserves/

As for the other ideas, they might help, but it's unlikely you would get enough of a deduction from making an RRSP contribution to balance your capital gains, but it depends on your own circumstances.
Capital losses from this or previous years can be applied against your capital gains and capital losses in future years can also be carried back up to three years to apply against capital gains already reported.
If I were you, I'd hope the deal doesn't close this year, but either way, I'd suggest you consult a good tax accountant.
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