Genoil Inc GNOLF

RE:RE:RE:RE:RE:Increasing volume with increasing share price!

[B2moist]

CRA can bring it on if it wants. If you are unable to rectify a situation that was forced upon you, there would be difficulty in enforcement. If the trade ban gets lifted then you would need to sell and rebuy as a regular holding. If for some reason you do get taxed then do have reprieve via the following CRA disclosure: Refund of taxes paid The TFSA holder may be entitled to a refund of the one-time 50% tax paid on non-qualified investments or prohibited investments held in the TFSA before the end of the calendar year following the calendar year in which the liability for the tax arose, or a later time as permitted by the Minister, if either: the TFSA trust disposes of the non-qualified or prohibited investment; or the property ceases to be a non-qualified or prohibited investment. Under unusual circumstances, the Minister may still consider refunding the tax if the disposition takes place at a later time. However, no refund will be issued if it is reasonable to expect that the holder knew, or should have known, at the time the property was obtained by the TFSA trust, that the property was, or would become, a non-qualified investment or a prohibited investment. Claiming a refund To claim a refund, send a letter explaining why you are requesting a refund along with the documents detailing the information relating to the acquisition of the non-qualified or prohibited property, or of its becoming non-qualified or prohibited, and of its disposition. The documents must contain the name and description of the property, the number of shares or units, the date the property was acquired or became non-qualified or prohibited property and the date of the disposition or the date that the property became qualified or ceased to be prohibited. If the disposition took place in the same year as the acquisition, enter the refundable amount on the line in Section 2 of the TFSA return, and attach the documents to your return. If the property disposed of was acquired in a previous year, send a letter and the documents to: