Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > More TFSA money

<< Previous

Bullboard Posts

Next >>

Comment by loopsbutterflyon Jan 07, 2024 9:39pm

630 Views

Post# 35814982

RE:RE:RE:More TFSA money

The point is about the 50% rule for capital gain or loss....

if Revenue Canada find you trade too much in your TFSA and consider you as a day trader they will not agree for the 50% rule and you could become fully taxable and I know some investors catched on that rule...

example: capital gain $14 000 x 50%=$7000 taxable at your bracket

day trader: capital gain $14 000 x 100%=$14 000 taxable at your bracket

it is not the same thing at all !!!! far less profit

<< Previous

Bullboard Posts

Next >>

The Market Online’s Weekly Gold Report – Nov. 27, 2024