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Gold/Mining/Energy : Innomat Solutions Corp (INAT - was Stackpal, STAX)
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To: reg who wrote (544)11/9/1998 2:07:00 PM
From: Bob Fairchild  Read Replies (2) of 580
 
Reg, to further re-inforce the point, I did transfer the last of my Eaglecrest shares to the RESP. The 300 shares are worth 14 cents which makes the total value of the transfer $42. For me to get the capital loss on these shares I could have sold them, but the cost of the commission would have been $42 leaving me with nothing. The value of the shares would have been eaten up by the commissions. On the other hand, I transferred the shares to the RESP, I get the capital loss and instead of giving them up for nothing, my kids get them. Because this is considered as a $42 contribution to the RESP, the FEDS will give a 20% matching grant to the RESP so we end up with another $8 ahead of the game. This may be a strategy for you when the rest of your BBS stocks go into the toilet Reg. Bob
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