Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Canada Inc. is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery, waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.

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Pyrogenesis Canada Inc > Quick question about transferring from TFSA to RRSP

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Comment by Snowdrifton Dec 11, 2020 2:09pm

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Post# 32089700

RE:RE:Quick question about transferring from TFSA to RRSP

You have your reasons for wanting to move your money to an RRSP, of course. But here's a thought, in case it might help. You CAN transfer cash or securities from one TFSA to another TFSA. So if it could make a difference for you, you could open a TFSA at another financial institution and do the transfer. I have done this myself. Of course, if you need to do the transfer right now, this wouldn't work since it typically takes a couple of weeks to open a TFSA.

Good luck!

Snowdrift wrote: I Googled your question, and it came back saying that you can't do a transfer from a TFSA to an RRSP.

You cannot transfer investments directly between TFSAs and RRSPs but you can sell for cash in one and repurchase them in another. Just be sure you have the contribution room in your RRSP, which is usually posted in your latest filing statement from the Canada Revenue Agency.

Venator wrote: Quick question. I am wanting to transfer a few thousand shares of my PYR from my TFSA into my SDRSP account. Is there a way to transfer these securities without having to sell my shares, and transfer cash between accounts? The ask/bid can be thin and I don't have L2 and would prefer not to sell the shares and probably lose 5% to the spread. It looks like TD does not allow this securities transfer? Do I wait till a high volume day and have a broker do this? Do I need to wait for the securities to clear and thus have to wait 3 days?

Thanks,

From a long term investor (since the Uragold days)