NorthWest Biotherapeutics Inc (NWBO)

[hankmanhub]

Hi all, I have a matter that may be of particular interest to NWBO investors in Canada. As you are all aware, Canada has what they call a TFSA account that protects its contents from capital gain taxes. So if I buy shares inside a TFSA account and it grow 100 fold and then I sell it - there are NO capital gains taxes to be paid when I remove those funds from the account.
There is one hitch. If the company is selling only on the OTC, and not a more recognized stock exchange, then those stocks are prohibited to be in a TFSA! I have been told however that this is only the case if the OTC is the ONLY exchange the stock trades on. If the SAME stock ALSO trades elsewhere on what the CRA calls a Designated Stock Exchange then that stock will nevertheless qualify to be in a TFSA. I am told that the Frankfurt and Dusseldorf exchanges in Germany qualify for this CRA designation. So can we hope to be able to put our NWBO into our TFSA? My broker refused to do so and asked that I verify with CRA. Does anyone have any valid info on this. Please only if you really know, because if you put a prohibited stock (unqualified) into the TFSA the penalties are humongous.