Regenx Tech Corp. C.RGX

TFSA and Rights Offer

[calerxx]

Does anyone have a link to rules related to TFSA limits an rights offers? I have so many questions right now

Does exercising rights in a TFSA change ones contribution?

[GoodHabits]

Long time lurker, first time poster... I've been coming here to keep up with MWX and ETI and make up for the gap in information officially (not) coming from the respective companies, so it has been a breath of fresh air to see people talking and interested in what's going on with these two companies. It's a risky investment, but I believe in the technology and what it's trying to

[calerxx]

Aweosme, thanks for that reply GoodHabits, I think it will just be a long conversation with my broker to make sure things are done right. I want to make sure shares can be added to my TFSA at the Rights purchase price and not the value they jump to after the exercise date. Cheers

[eunice12]

There is no limit to rights or any other trading instrument in a tfsa. The only rule is whatever you contribute counts against the amount you are allowed to contribute.   You got the rights just like if you got a dividend and there are no restrictions or rules on it. Waste of time calling your broker. I have bought lots of financings because I am an accredited investor, and most of them

[eunice12]

You can buy and sell as you like with whatever you have inside your tfsa so there are no rules on that, otherwise it wouldn't be tax free. How can you have many questions with such a simple concept?

[calerxx]

I want to know if I can transfer money into my TFSA, then exercise rights that are in a non-TFSA account and not face any penalties. Or can I exercise the rights with cash from a different account, then transfer the shares into my TFSA after the fact without a penalty. But I'm just entertaining this questions on here in case someone with knowledge in this area had a link to a resource I

[eunice12]

Your rights are in a non TFSA account. When you exercise them the shares go into the same account the rights are in. You can transfer shares in kind into a TFSA account but your brokerage will use the price they are trading at so you have to use that as the amount of contribution room you used up in the transaction. They have rules from CRA to determine what price is used to value them.