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angelinvestor1

02/09/11 12:28 PM

#2309 RE: Jackroch #2268

Hi Jack - CPOW is the only OTC stock I own. When I bought the shares back in Dec at the height of the pump - I couldn't buy the shares online in my Self Directed RSP Investment account which is with my bank - I had to call the broker to make the trade. The Canada and Revenue Agency do not allow one to hold unregulated shares (OTC-PK) in RSP accounts. I will some time soon have to transfer my CPOW shares to my questrade account unless I can get them approved.

Yesterday - I bought the shares online through Questrade without a problem once the compliance department removed the block.

CPOW would qualify for tax incentives for canadian investors if it was to list on a Canadian exchange.