Tara Gold Resources Corp TRGD

TFSA

[inimus]

Didn't think TRGD was eligble for those accounts?

[amadeus1]

They are not - that is why I had to move them out. They were eligible initially when I purchased them. I was not notified by my broker until 2012 that they wer no longer eligibe. Not sure when exactly they became ineligible, but may have been when they stopped trading in 2011. If anyone knows the exact date, let me know as I now may have to pay penalties to the CRA. Cheers!

[inimus]

Ok,thanks was interested in that but guess it is as I thought.I have called Barefoot almost every day for several weeks but he is never home???????

[amadeus1]

I have not had success contacting them either. I have left voicemails for David Barefoot and at their  [phone]   numbers and have sent them a letter. No response yet. Is anybody out there able to get a hold of them? The CRA (Canada Revenus) is looking for documentation to show that the distribution of the TARM shares is elegible for tax deffered election

[HHAPPY]

I posted a few months ago that management was aware of the Canadian problem . Once the TARM dividend is sent to TRGD share holders, management will apply for the exemption needed. Shareholders will hacve 6 months to register for the exemption so that a taxable event does not happen until the TARM shares are sold.

[amadeus1]

Thanks Happy, but did they file the paperwork for the last share distribution? I applied for the election within the 6 month window, but was denied as the CRA says TRGD/TARM was not listed as eligible and that I need to obtain documentation form TRGD/TARM to show that they are.

[HHAPPY]

Management did not know about the exemption- nor did most shareholders apparently- until after the 6 month period after the first dividend had been made.So that window was missed.  Important that we remind management of the need to file after next dividend- even though  they ARE aware of this filing.