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Goldcorp Inc. Message Board

  • JohnnyCanuk JohnnyCanuk Aug 14, 2005 11:01 AM Flag

    USGL in a Canadian RRSP ...

    For those that trade or hold stocks in a Canadian RRSP, I have received notification from Revenue Canada that American "OB" stocks are not permitted within a registered account ...

    While the 30% foreign guideline was removed last month, the guideline that an equity must be listed on a recognized exchange remains and "OB" stocks do not trade on a recognized exchange ...

    So stocks like USGL, CWPC, SITI etc are not permitted within a Canadian RRSP ...

    Regarding USGL, McEwen has stated that he will be seeking a listing for USGL so hopefully that limitation will be removed however that could take several months ... the other company he invested in with land in the same area, White Knight Resources, is permitted within a Canadian RRSP ...

    jc

    PS ... are there similar guidelines in the American IRA plans ... ???

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