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Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > One great thing about ES and flow thru shares
View:
Post by shiftyone on Dec 11, 2024 1:59am

One great thing about ES and flow thru shares

And charity shares. 

there is zero reason for them to sell for a tax loss. 

because they already got their tax break. So whatever they would sell for, is still a tax liability to them. 


that's how I understand it. 

could be wrong

Comment by Gangsterme on Dec 11, 2024 12:09pm
As I understand it it, they gave their shares to a charity in order to get the tax break. The charity then owns the shares and can sell when they wish. They would not have any tax implications that I can see. Many of these shares will have likely been sold by the various charities. They could have been sold for 4 or so dollars and could then be sold for the tax loss just like any other shares.
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