Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: Insider selling

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Z32NUT2

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Re: Insider selling - Adjusted Cost Base of Shares

in response to

Re: Insider selling

Orcinus

posted on Jul 26, 2012 05:01PM

You can do whatever you want, BUT if CRA look at it (do an actual audit), they will change (correct) the capital gain or loss reported accordingly. Bottom line adjusted cost base applies to all your holding except for specialized accounts (RRSP, TFSA) Muliple trading accounts do not count. Again you can do what you want so long as you don't get caught. Not advising, just saying ....