Q: Please recommend a couple of small cap
good gold stocks that will have good growth potential, ( I own Wdo), thanks
good gold stocks that will have good growth potential, ( I own Wdo), thanks
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Investment Q&A
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Q: Hi,
I have shares of Equinox Gold in my TFSA and a few months ago they separated their copper assets into a company called Solaris Copper Inc. There was no value assigned to the shares, I'm not sure if they are even a public company yet.
Regardless I assumed the shares will just sit there until a value is assigned and they could be traded publicly. Recently I received a letter from iTRADE informing me that the shares of Solaris are a non qualified security and all income earned and all capital gains derived from the non-qualified investment will be reported to Canada Revenue Agency on a T3RET trust return . Any tax payable on this amount will be levied directly against the TSFA account.
Can you explain this to me? The shares have no value so I can't see that I am on the hook for any penalty. 50% of $0 is $0. Secondly I am angry at Equinox for putting me in this position.
Thanks,
Charlie
I have shares of Equinox Gold in my TFSA and a few months ago they separated their copper assets into a company called Solaris Copper Inc. There was no value assigned to the shares, I'm not sure if they are even a public company yet.
Regardless I assumed the shares will just sit there until a value is assigned and they could be traded publicly. Recently I received a letter from iTRADE informing me that the shares of Solaris are a non qualified security and all income earned and all capital gains derived from the non-qualified investment will be reported to Canada Revenue Agency on a T3RET trust return . Any tax payable on this amount will be levied directly against the TSFA account.
Can you explain this to me? The shares have no value so I can't see that I am on the hook for any penalty. 50% of $0 is $0. Secondly I am angry at Equinox for putting me in this position.
Thanks,
Charlie
Q: One of the better small gold companies ?
Q: Hi,
I had some Equinox gold shares and they spun out the copper assets. I have a new listing in my portfolio for Solaris copper (S078279) but their is no value amount. The literature I read says they aren't listed yet because there in no value. Can you explain? This has been a bad investment so far.
Thanks,
Charlie
I had some Equinox gold shares and they spun out the copper assets. I have a new listing in my portfolio for Solaris copper (S078279) but their is no value amount. The literature I read says they aren't listed yet because there in no value. Can you explain? This has been a bad investment so far.
Thanks,
Charlie
Q: I am looking for some exposure to a junior gold miner. Equinox has just announced what it calls some positive results from its properties in Brazil. I would appreciate your thoughts on this company as an investment, and also your opinion of the management team.
Thanks
Thanks
Q: Comments