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Theralase Technologies Inc. V.TLT

Alternate Symbol(s):  TLTFF

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.


TSXV:TLT - Post by User

Post by toade1313on Jan 07, 2024 1:45pm
315 Views
Post# 35814634

Food For Thought - New Years Strategy

Food For Thought - New Years StrategyI'm in US and 78 years old so I have to take a RMD (required minimum distribution) from my IRA account. I think those in Canada have something very similar. My plan: 1. Take my RMD by moving/transfering shares of Theralase from my IRA acccount to my Regular account. Taxable event. 2. Move/transfer many shares of Theralase from my IRA account to my Roth IRA account. Taxable event. The tax I have to pay on step 1 is the same as if I took cash out and either is required by law. Assuming Theralase has a large price increase I am in a better position to determine when I want to sell and take futher taxes (no more RMD on the increases). The tax I have to pay on step 2 is on a 'next to nothing' stock price for Theralase. All large SP increases will be tax free and can be taken out whenever I want. Hope this may help many long time Theralase shareholders keep more of the upcoming large sums of money that soon will be showing in your brokerage accounts. Good Luck to ALL Longs.
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