Counsel Corporation CXSNF

??????

[MotoGP]

Most holdings are probably in registerd accounts or TFSA's so ONLY if you hold it in a non-reg account do you get the dividend?  If that's the case, this is completely hideous!!

[frankzwhite]

I don't know for sure as this is a new situation for me, but I assume you will just become a registered shareholder of the Heritage shares, as opposed to a beneficial owner (i.e. your name is registered as the owner instead of your broker). If this is the case, I am assuming that to trade these shares you will need to transfer them to a broker account (TFSA, RRSP, Margin etc.).

[rozelli]

I could live with that. We ll see their news release telling us to figure out is for the birds...

[TimeScape]

My understanding is that you will get the dividend no matter where you hold the stock. If that is inside an RRSP, TFSA or RRIF, there will be a penalty for holding a disallowed investment. In an RRSP the penalty is 50% of the value of the investment. Don't know what the penalty is in the others. What you should do is sell the CXS you hold inside your RRSP, TFSA or RRIF by next Thursday and buy

[frankzwhite]

See CRA wesbite at https://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/txtn/nnqlfdnvst-eng.html A one-time tax is payable by the holder of a TFSA when a non-qualified investment is acquired or when a previously acquired qualified investment becomes non-qualified. The tax is equal to 50% of the fair market value (FMV) of the property at the time it was acquired or it became non-qualified. For

[rozelli]

Seems like alot of people doing the same thing...clarification need here quickly management or our friend da Prez would be good as well...

[HippygirL74]

Now we know why the stock has been hit with non-stop selling for some time. First time I have seen this regarding RRSP and TFSA.