Lightstream Resources Ltd. LSTMF

What do I do with my useless LSTMF shares?

[mbuch]

The trade cost would be more than the value of the shares.

Do I just ask the bank to de-list this stock in my account, or do I actually have to sell the shares to settle out for a tax loss? I am with RBC action direct.

Thanks in advance!

[Oldfart74]

Since the sale closed on Dec 31, you should be able to prove your shares became wothless in 2016 https://www.taxtips.ca/stocksandbonds/worthless-shares-or-debt.htm

[afficheholderon]

Keep your Shares, maybe You'll get something...:)

[Pancho2]

For the first time Oldfart contributed something useful - a Taxtips link. Thanks. --------------------------------------------------- Tax rule subsection 50(1) states. You can claim a capital loss only if the Corp has become bankrupt or insolvent at the end of the year, and neither the corporation, nor a corporation it controls, carries on business -------------------------------------------

[Oldfart74]