Theralase Technologies Inc. V.TLT

Alternate Symbol(s): TLTFF

Healthcare Medical Devices

Theralase Technologies Inc. is a Canada-based clinical-stage pharmaceutical company. The Company is engaged in the research and development of light activated compounds and their associated drug formulations. The Company operates through two divisions: Anti-Cancer Therapy (ACT) and Cool Laser Therapy (CLT). The Anti-Cancer Therapy division develops patented, and patent pending drugs, called Photo Dynamic Compounds (PDCs) and activates them with patent pending laser technology to destroy specifically targeted cancers, bacteria and viruses. The CLT division is responsible for the Company’s medical laser business. The Cool Laser Therapy division designs, develops, manufactures and markets super-pulsed laser technology indicated for the healing of chronic knee pain. The technology has been used off-label for healing numerous nerve, muscle and joint conditions. The Company develops products both internally and using the assistance of specialist external resources.

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Theralase Technologies Inc. > First trading week of the new year

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Comment by Mikee3003on Dec 21, 2021 7:41pm

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Post# 34252778

RE:RE:RE:RE:RE:RE:First trading week of the new year

Hey 012009 - If you were able to use you cost of the stock or market they must have been identical. "While you can transfer stock into your TFSA with out selling them first, you could trigger a tax event. If the stock has gone up in value you will have to pay tax on that gain. Only future gains will be sheltered and able to compound tax free. Hoowever, if you have any capital losses saved up you can use them to offset the gain."

When you transfer shares to your TFSA the CRA will consider this a deemed disposition or simply put you technically sold at market value for your TFSA contribution.

All the Best
Mikee

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