Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)
in response to Sudbury Novice's message

Well, first it confirms that there exists provincial jurisdiction as to how TFSA are disposed. So any conclusion we reach here is subject to each province's rules and regulations.

My interpretation is that they would have no tax liability for the beneficiary but the TFSA should cease to exist. I have no regulation to hang my hat on but this would seem logical to me.

I will have a talk with my CA and see what his thoughts are.

Glorieux

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glorieux
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