Replies to post #155931 on NeoMedia Technologies, Inc (NEOM)

[kokonutguy]

TFSA = Tax Free Savings Account.
http://ezinearticles.com/?TFSA---Tax-Free-Savings-Accounts-in-Canada-For-2009&id=1469664

[beam11]

OOCH! 50% of capital gains realized receivables is taxed at a 43% tax rate in Canada!

However, I bet you can not claim a capital loss for losses on stock in a tax exempt saving account.

Risky business don't you think, to place risky stock in a tax exempt saving account? How are you going to handle sales and trades if you have to replace 15% of withdrawals and losses each year. Appears to me that you will have to pay back any withdrawals at a rate of 15 % each year in that tax exempt savings account, with no tax deductions for losses. Appears to me that if you have a loss, you are going to suffer that loss twice with no allowable tax deduction for the stock loss in the event you desire to sale the stock.

Beam11

[Drmyke3]

good advice
thnx very much
Dr. Mike