Get Your Free Tfsa Report
Your Income Range
Regular Investment
Rate of Return
Lump Sump
Term of Investment
  (In Years)
For illustrative purposes only, not for financial planning. Please read the assumptions.
Tfsa Information
Further Reading
Stay informed
Subscribe Using RSS

Posts Tagged ‘cnsx’

CNSX now approved for Tax Free Savings Accounts

March 26th, 2009

If you own a Stock on the CNSX you will be pleased to hear that the Canadian National Stock Exchange has been added to the list of “Designated Stock Exchanges”, allowing securities listed on the exchange to automatically be eligible for registered accounts such as RRSPs and Tax-free Savings Accounts, CNSX Markets Inc. said Tuesday.

The designation, made by federal Finance Minister Jim Flaherty, came into effect on Jan. 1, under the Income Tax Act. 

CNSX says it is the first stock exchange to achieve this designation since the new criteria and process were announced in July 2008. Accordingly, CNSX will be added to the list of designated exchanges posted on the Department of Finance Web site. 

“This designation levels the playing field among stock exchanges in Canada and means that CNSX is competitive in all respects, including allowing investors the ability to buy and hold CNSX-listed securities in their RRSPs and their TFSAs, just as they do with other securities. Along with CNSX’s listing cost advantages and streamlined regulatory model, this will encourage more companies to choose to list on CNSX,” said Rob Cook, president of CNSX.

Article Source

News | , , , , , , , | No Comments »

TFSA&Kids »

Find the latest information about the TFSA
  More Details

TFSA Couples »

Learn the best strategy for your partners TFSA
  More Details

TFSA Seniors »

Read more about your retirement and the TFSA
  More Details