Q: Hello Peter et al.
Furthermore to my question I asked on this company on Jan 31st after their plans to delist from the TSXV and be only listed on the LSE AIM to save costs I have some other enquires.
I have currently been employing a strategy to consolidate all of my shares into one account - my RRSP account prior to the delisting to limit the impact of the higher brokerage fee of $250 vs. $9.99 currently. I still believe in this company and believe in the long term hold of another 2 to 3 years and I will be rewarded.
However, I have been reading that the LSE AIM is not an exchange that is allowed to be used for RRSPs or TFSAs. Because of this if I hold this stock in my RRSP I will have to pay a monthly penalty of 1% of the capital value of the stock. Are you aware of this or can provide any advice?
I assume I can hold it in a regular stock account and pay no penalty.
Any advice will be appreciated. I plan to also ask my discount brokerage about this as well.
Regards,
Brendan
Furthermore to my question I asked on this company on Jan 31st after their plans to delist from the TSXV and be only listed on the LSE AIM to save costs I have some other enquires.
I have currently been employing a strategy to consolidate all of my shares into one account - my RRSP account prior to the delisting to limit the impact of the higher brokerage fee of $250 vs. $9.99 currently. I still believe in this company and believe in the long term hold of another 2 to 3 years and I will be rewarded.
However, I have been reading that the LSE AIM is not an exchange that is allowed to be used for RRSPs or TFSAs. Because of this if I hold this stock in my RRSP I will have to pay a monthly penalty of 1% of the capital value of the stock. Are you aware of this or can provide any advice?
I assume I can hold it in a regular stock account and pay no penalty.
Any advice will be appreciated. I plan to also ask my discount brokerage about this as well.
Regards,
Brendan