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First Global Data Ltd FGBDF

First Global Data Ltd is a Canada-based company. The Company is a financial services technology (FINTECH) company. The Company enables its strategic partners and clients around the world through its financial services technology platform. Its technology drives the convergence of compliant domestic and cross-border payments, shopping, peer to peer, business to consumer and business to business payments. The Company's two lines of business includes mobile payments and cross-border payments. The Company's FINTECH solutions include FirstGlobalMoney, Happytransfer, Vpayqwik and Payqwik.


GREY:FGBDF - Post by User

First Global Data Ltd > Message from TD
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Comment by Teflon2Hypeon Jul 05, 2019 10:16am
187 Views
Post# 29889365

RE:RE:Message from TD

RE:RE:Message from TD
"If you « gift » the shares and it’s in a non registered account, will you be able to claim the capital loss for the total amount invested?"




If the shares were purchased from an account that is subject to Capital Gains and Losses (Non TFSA or RRSP) then the simple answer is "Yes". 

The "gifting" or "donation" of those shares to your broker just creates a $0 sell transaction. At that point, the math to  arrive at your capital loss amount would be handled no differently than how you would handle any other claimed capital loss.
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