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Now my stocks are penny-less, so I went to bank clearing them up, by the way of gifting the security to TD Waterhouse. Is it considered as capital loss?
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Now my stocks are penny-less, so I went to bank clearing them up, by the way of gifting the security to TD Waterhouse. Is it considered as capital loss?
I am surprised that TD Waterhouse cannot offer you any answers or support in this regard. If these were publically traded shares and are traded or signed over in an arms length transaction, you should be able to claim your loss. If these are shares other than publically traded, perhaps you should contact Canada Revenue at 1-800-959-8281 for their guidance
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Now my stocks are penny-less, so I went to bank clearing them up, by the way of gifting the security to TD Waterhouse. Is it considered as capital loss?
I am surprised that TD Waterhouse cannot offer you any answers or support in this regard. If these were publically traded shares and are traded or signed over in an arms length transaction, you should be able to claim your loss. If these are shares other than publically traded, perhaps you should contact Canada Revenue at 1-800-959-8281 for their guidance
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Now my stocks are penny-less, so I went to bank clearing them up, by the way of gifting the security to TD Waterhouse. Is it considered as capital loss?
Good afternoon,
Thank you for your question. I have found a great link that may help with your situation: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/127/cmpltng/txbl/t...
Leeanne@TurboTax
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Now my stocks are penny-less, so I went to bank clearing them up, by the way of gifting the security to TD Waterhouse. Is it considered as capital loss?
This is not the answer to the question
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Now my stocks are penny-less, so I went to bank clearing them up, by the way of gifting the security to TD Waterhouse. Is it considered as capital loss?
Thanks for your answer. My stocks are listed on TSX venture. I just found the answer: http://advisors.td.com/public/projectfiles/1d1bd573-fe93-45de-884d-453d027fdf82.pdf
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Now my stocks are penny-less, so I went to bank clearing them up, by the way of gifting the security to TD Waterhouse. Is it considered as capital loss?
Thanks for posting back. Very useful info. I'm sure it will help others.