Agoracom: Small Cap Investment - St. Elias Mines - Re: ALL SLI Shareholders with TFSA Accounts

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ALL SLI Shareholders with TFSA Accounts

Dirtydunes

Jul 14, 2011 11:49AM

PrairieGirl

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Re: ALL SLI Shareholders with TFSA Accounts

in response to

ALL SLI Shareholders with TFSA Accounts

Dirtydunes

posted on Jul 14, 2011 01:06PM

Hi Dirtydunes,

My understanding is that with respect to whether or not the investing company can lend your shares out is not determined by it being a TFSA but by whether you have a cash account or margin account. I use a self directed trading company and they don't allow TFSA margin accounts, could just be their policy or it could be regulatory.I don't believe that the broker can lend your shares if you have purchased them within a cash account because they belong to you. Someone please correct me if I'm wrong.

PrairieGirl

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