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Foremost Clean Energy Ltd C.FAT

Alternate Symbol(s):  FMST

Foremost Clean Energy Ltd, formerly Foremost Lithium Resource & Technology Ltd., is a uranium and lithium exploration company with interests in 10 prospective properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. The Company also maintains a secondary portfolio of lithium projects at different stages of development spanning over 50,000 acres across Manitoba and Quebec. Seven properties comprise its Easern Athabasca Uranium Properties, which include Murphy Lake South, Hatchet Lake, Turkey Lake, Torwalt, Marten, Wolverine and Epp Lake. Its Blue-Sky uranium projects located within the western portion span approximately 102,000 hectares in the Athabasca Basin consisting of three projects: Blackwing, GR Property and CLK Property. Its lithium projects include Zoro Lithium Project, Jean Lake Lithium-Gold Project, Peg North Project, Grass River Claims Project, and Jol Lithium Project. Winston Group of Properties is its Gold and Silver Project.


CSE:FAT - Post by User

Bullboard Posts
Comment by Anonxmason Jul 26, 2017 2:50pm
56 Views
Post# 26512566

RE:RE:RE:questin

RE:RE:RE:questinMy understanding, and someone please correct me if I am wrong:

TFSA account lets you invest up to your limit (check what that is with CRA or you may incur penalties). Any profit, is pure profit (and vice versa). The profit is NOT part of your limit, but every purchase is accumulative, regardless of sells.

Cash account is taxable on 50% of your profit. If you are not Day trading, the tax is typically 10-15% on half your gains.

You can transfer stock from a cash account to TFSA and it will be 'reset' at that point onwards ie no more capital losses or capital gains, just profit (hopefully).

Note when transferring make sure the transfer is a 'TRANSFER IN KIND!' You wouldn't want this being 'cashed out!'


Bullboard Posts