TSX:LSG.DB - Post by User
Comment by
lornon Jan 12, 2005 3:17pm
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Post# 8420991
RE: Alchemist7....RRSP's
RE: Alchemist7....RRSP'sHere is one thing you can do within an RRSP.... About 8-10 years ago I put 10000 share of Holmer in my RRSP plan....Lets assume for the heck of it that the shares were .10 cents at the time and lets suppose I left them in the RRSP as a stock until such time that the stock had a value of 10.00/share....I can sell them within the RRSP for the higher value if I choose too. So the value I put in originally was 1000.00 $ and I sold them for 100,000.00$ which money remains in my RRSP account protected from taxes until such time yhat I withdraw the money from tghe RRSP account in the normal fashion.
At least I sure hope that is what will happen....