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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: SilverSeeker who wrote (53012)	11/15/2007 3:53:59 PM
From: marcos	Read Replies (2) \| Respond to of 78405

Interesting, hadn't heard that before ... kind of changing my mind on wkm.v anyway, likely will just ride it out, it's pretty strong today following new sedars, haven't read them yet so don't know why exactly, but underlying it all they do have a mine there and that's a tiny market cap ktn.v - ooo, selloff day ... well the little gap is closed now ... and i have no cash, aargh

To: SilverSeeker who wrote (53012)	11/15/2007 6:20:15 PM
From: marcos	Respond to of 78405

How would they know if you did that, since you don't need to report rrsp trades at all, they're irrelevant to Revenue Canada ... maybe only if/when you get audited and they ask, oops ... but i think i did this same switch in '04 and '05, actually the two i recall were contributions in kind, simply transferred them over while in loss situation and claimed it ... small loss on those in any case, penny ante stuff, but before that there was one fair sized loss i took, guess it was legal then, that was in the days when you could buy/sell between accounts for the 45.00 commission instead of paying 29.00 twice The whole 30-day thing is unfair, because they will sure want taxes if you make money on something holding for 30 seconds ... good to know the rules though, thanks for that ... i just asked a friend here and he confirms it, says there's a work-around - don't sell all the loser, keep some portion no matter how small, then everything you do prior to final selling of it goes to its a.c.b., which can be astronomical if you've accumulated losses on more of its kind earlier ... so then for final write-off make sure you're clear of the 30 days, dump it, claim full losses ... paraphrasing here, somebody correct me if wrong ... anyway doesn't apply to wkm.v, which looks likely to come back faster than that, they could get the financing nailed any day, i decided to just keep it all