CMKM Diamonds Inc (fka CMKX)

[gump90]

'Giving' shares, and your I R S.
In Canada our tax rules are firm. If I 'give' shares to my family they carry my cost base for tax purposes. I don't get any tax liability. BBBBBUUUUUTTTTT .. if I 'give' YOU any shares, they take on the fair market value at the time I gave them to you. That becomes your cost base. It also gives me [Urban] tax liability. NOBODY beats the tax man. I wonder if Urban thinks that he can.