Aurora Cannabis Inc T.ACB

Alternate Symbol(s): T.ACB.WS.U | ACB

Aurora Cannabis Inc. is a Canada-based medical cannabis company. The Company’s principal business lines are focused on the production, distribution and sale of cannabis and cannabis-derivative products in Canada and internationally, and the propagation of vegetables and ornamental plants in North America. Its segments include Canadian Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Drift, San Rafael '71, Daily Special, Tasty's, Being and Greybeard. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol, IndiMed and CraftPlant. It also has a controlling interest in Bevo Farms Ltd., North America's supplier of propagated vegetables and ornamental plants in North America. Its subsidiaries include Aurora Cannabis Enterprises Inc., Aurora Deutschland GmbH, TerraFarma Inc., Whistler Medical Marijuana Corporation, and Indica Industries Pty Ltd., among others.

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Aurora Cannabis Inc

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Comment by GotNoPensionon Mar 28, 2019 1:51am

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Post# 29546257

RE:TFSA ?

I wish I had this problem Foxxy LOL

foxxy113 wrote:

TFSA holders ultimately liable for any tax on day trading in an account.

In recent years, the CRA has been looking closely at high-value TFSAs, in particular whether trading activity in these accounts amounts to carrying on a business of trading. According to the CRA, as of Dec. 31, 2018, it had assessed approximately $114 million in taxes resulting from its audits of TFSAs between 2009 and 2017, some of which was related to TFSAs being determined to be carrying on a business. 2018 and 2019 on the radar.

The CRA has said that it looks to a set of factors to determine whether a TFSA has been carrying on a business, including the frequency of trading, whether the TFSA holder has specialized knowledge of the markets, and the time the TFSA holder spends on researching trades. Big Brother is watching. The government did not provide any additional guidance to taxpayers regarding what it considers to be “carrying on a business,” nor would they ; something the IIAC and certain tax practitioners have long asked for, in the 2019 budget.

No one is above the law regardless of their claims. The law is the law. When they come for you , accept you took a risk and are responsible for your decisions. Seek legal counsel and Man up.

Long ACB

Fox.

https://www.investmentexecutive.com/news/industry-news/tfsa-holders-ultimately-liable-for-any-tax-on-day-trading-in-an-account/