Nexoptic Technology Corp V.NXO

Alternate Symbol(s): NXOPF

Technology Electronic Components

NexOptic Technology Corp. is a Canada-based technology company. The Company is engaged in developing artificial intelligence (AI) and imaging products, which enhance how images are either captured, processed, experienced, transferred and/or stored. It is developing technologies relating to imagery and light concentration for lens and image capture systems. The Company's primary focus is its patented and patent pending AI for imaging called All Light Intelligent Imaging Solutions (Aliis). Aliis can reduce storage and streaming requirements needed for videos and images while also improving image quality in all types of environmental conditions. Aliis delivers by learning a camera profile and optimally enhancing, pixel by pixel, its quality and its resolution in a fraction of a second, using edge processing. Its NexCompress, a video compression enhancement solution, offers bandwidth and storage savings for video storage and streaming applications.

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Nexoptic Technology Corp > I think it's time to mute

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Comment by BarstoolSageon May 22, 2021 5:17pm

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Post# 33254513

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I think it's time to mute

Don't be irresponsible here DarnDude. You are essentially saying it is OK to disregard the rules if you feel CRA will not bother you

Damn1212 wrote: I disagree

The Cra does not recognize losses in the TFSA while trading frequently as tax deductible so why should they tax the gains.

ABSOLUTELY NO BEARING ON THE SITUATION. THIS IS A TAX FREE REGISTERED VEHICLE THAT WORKS INTERNALLY LIKE AN RRSP. NO GAINS OR LOSSES RECOGNIZED, ONLY THE ABSOLUTE VALUE. NOTE AN RRSP ALSO HAS SIMILAR "ACTIVITY" RULES AND QUALIFIED INVSTEMENTS

The matter is before the courts so as of now its not decided either way.

THE COURT WILL RULE ON A NARROW SET OF FACTS THAT REFLECT THE SPECIFICS. IF IF IF THE TAXPAYER WINS THEIR APPEAL, IT WILL NOT NEGATE DECADES OF COMMON LAW RULINGS THAT DEVELOPED THE S11 OF THE IT BULLETIN I POINTED YOU TO (tax law in Canada is a mix of tax legislation, regulations, application rules, foreign tax treaties and common law as taxpayers have stated their case)

The CRA / Gov likes to bully small people around and scare them into submission.
NO ARGUMENT THERE. WE REGULARLY COMPLAIN TO CRA THAT THEY FOCUS TOO MUCH AND UNFAIRLY ON LOW HANGING FRUIT. CURRENTLY CAR EXPENSES ARE SIMPLY DENIED IF THE TAXPAYER HAS NO DIARY OF MILEAGE. BECAUSE LESS THAN 20% OF TAXPAYERS KEEP DIARIES, THAT BRINGS LOTS OF AUDIT MONEY IN TO THE COFFERS AND IT IS THE FIRST THING ON THE AUDITOR's LIST. IT USED TO BE THAT THEY WOULD LOOK AT THE BUSINESS AND REASONABILITY AND ALLOW THE DEDUCTION ON "THE STORY" BUT THEIR POSITION NOW IS THAT A KM DIARY IS AN ESSENTIAL TAX DOCUMENT AND IF NOT THERE...NADA

Most people being what they are will coward and just pay.
ACTUALLY IT IS A COST BENEFIT DECISION. A FIGHT COSTS MONEY

This foolishness is soo unclear that the CRA themselves cant even give a guideline as to what their rules are for considering a TFSA a bussiness ?

1 trade per day ? 1 per month ?

Its the usuall BS the Gov handsout.

Topper has 30 000 shares ...it repersents 10 000$

CRA is a bussiness , if its not worth it for them they wont come after you.

IT JUST MEANS LESS EXPOSURE, BUT NOT THAT CRA WILL NOT COME CALLING ON A ROUTINE AUDIT, A PROJECT AUDIT, A TFSA TRUSTEE'S ANNUAL REPORT (YES THEY TELL CRA EVERYTHING ABOUT YOUR TFSA), A LUCKY SHOT, SOME OTHER MATTER RELATED TO YOUR RETURN......