Victoria Gold Corp VITFF

Metals & Mining Gold

Victoria Gold Corp. is a gold mining company. The Company’s flagship asset is its 100% owned Dublin Gulch property, which hosts the Eagle, Olive and Raven gold deposits along with numerous targets along the Potato Hills Trend including Nugget, Lynx and Rex Peso. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers (km) north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers and is the site of the Company's Eagle and Olive Gold Deposits. It also holds a suite of other development and exploration properties in the Yukon, including Brewery Creek, Clear Creek, Gold Dome and Grew Creek. The Eagle West target area lies as close as 500 meters northwest of the main Eagle Gold Deposit and hosts the exposures of the granodiorite. The Raven target is located at the contact zone at the extreme southeastern portion of the Nugget Stock. The Brewery Creek Project is a past producing heap leach gold mining operation.

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Victoria Gold Corp > Capital Loss - 2024 Tax Planning Strategy

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Comment by HoneyBadger77on Nov 28, 2024 3:03pm

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Post# 36336052

RE:RE:Capital Loss - 2024 Tax Planning Strategy

You are correct KH, this only applies to Cash Trading Accounts. A Capital Loss for a TFSA or RRSP account cannot be claimed. However, there may be a provision (I have no idea for sure without calling the CRA) for claiming a Capital Loss against a TFSA account IF the TFSA account trading activiity is so active that the CRA has deemed the TFSA (or a portion of it as taxable). Most people (including myself until recently) have a perception that a TFSA can't be taxed (hence the term Tax Free) but the CRA actually has rules that if a TFSA is being actively traded, it can be subject to tax the same as a Cash Trading Account. So TFSA day traders best do your homework to avoid an unexpected tax bill. I suggest a few Google searches about TFSA account trading on the CRA website to clarify when a TFSA can become taxable.

Here's another link regarding the initial topic with a bit more detail in general.

Claiming_losses_on_worthless_securities_06122018_high.pdf

HB77

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