TFSA 2025 starting to-day Jan 1 st 2025 ( Happy New Year ) contribution into your TFSA is $ 7,000.
On -line, allows to-day to do a In -Kind Transfer of cash or Shares.
Taking the last closing price at 6 cents you can In - Kind transfer $ 7,000 div by 6 cents allows 116,600 shares from your cash/margin account into tour TFSA which will show up on Thursday,
PS , doing this to-day @ 6 cents secures this price.
The down side is the share could trade lower which is possible seeing the large ice-burg floating yesterday. On -line platforms allow In -Kind transfers @ anytime during trading which means if the share price is trading lower then you kind transfer at that time, TD allows 20minute, last trading price.
PS,.I have a Dispute on last trading price, which was $ .055 and not $ .06 as registerd, so i will try to correct before market opens . The difference $ 7,000. di by $ .055 = 127,000 or 11 thousand shares,..
I will post prior 9.30 am for those looking to transfer..Also if the market price is heading lower then i will wait hoping forlower price..
PS, current avg,. cost in BAY @ $ 0.1010
Loss in TFSA are not carried forward and are losses. Never Invest in the penny market and most of all never have penny stocks in your TFSA.
PS, remember a Chicken, is only a Bird..
Let The Drills Be Our Friends
Traps7