Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: L2 - TFSA contributions

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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The_Iceman

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Re: L2 - TFSA contributions - losses not claimable

in response to

Re: L2

simc1

posted on Jan 06, 2014 11:53PM

Ummm...

...I hate to possibly ruin someone's day, but...

You do realize that you cannot claim a capital loss when transferring securities from a non-registered account into your TFSA?

Taken directly from CRA's website: "If the FMV is more than the cost of the property, you will have to report the capital gain on your income tax return. However, if the cost of the property is more than its FMV, you cannot claim the resulting capital loss."