If you’re interested in the offering above please contact me for more information. Dial 604-628-4463 or 403-420-5895 and ask for Bruce.

Each week, I am able to provide my clients with access to a number of new offerings. These offerings are available for a very short window each day, usually in the range of 2-3 hours at most.

If you would like me to contact you with information on future opportunities, please call me now so that I can explain the process in further detail.

- Bruce

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (”MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des épargnants.

Mackie Research Capital Corporation (MRCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-MRCC website please understand that it is independent from MRCC and that MRCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MRCC.

If you’re interested in the offering above please contact me for more information. Dial 604-628-4463 or 403-420-5895 and ask for Bruce.

Each week, I am able to provide my clients with access to a number of new offerings. These offerings are available for a very short window each day, usually in the range of 2-3 hours at most.

If you would like me to contact you with information on future opportunities, please call me now so that I can explain the process in further detail.

- Bruce

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (”MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des épargnants.

Mackie Research Capital Corporation (MRCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-MRCC website please understand that it is independent from MRCC and that MRCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MRCC.

Issue Name: Legacy Oil & Gas
Size of Offering: 20,000,000
Type of Security: Common Shares
Type of Offering: Secondary

If you’re interested in the offering above please contact me for more information. Dial 604-628-4463 or 403-420-5895 and ask for Bruce.

Each week, I am able to provide my clients with access to a number of new offerings. These offerings are available for a very short window each day, usually in the range of 2-3 hours at most.

If you would like me to contact you with information on future opportunities, please call me now so that I can explain the process in further detail.

- Bruce

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (”MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des épargnants.

Mackie Research Capital Corporation (MRCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-MRCC website please understand that it is independent from MRCC and that MRCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MRCC.

Issue Name: First Capital Realty Inc.
Size of Offering: 3,485,000
Type of Security: Common Shares
Type of Offering: Secondary

If you’re interested in the offering above please contact me for more information. Dial 604-628-4463 or  403-420-5895 and ask for Bruce.

Each week, I am able to provide my clients with access to a number of new offerings. These offerings are available for a very short window each day, usually in the range of 2-3 hours at most.

If you would like me to contact you with information on future opportunities, please call me now so that I can explain the process in further detail.

- Bruce

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (”MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des épargnants.

Mackie Research Capital Corporation (MRCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-MRCC website please understand that it is independent from MRCC and that MRCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MRCC.

Issue Name: Crystallex International Corporation
Size of Offering:  70,000,000 units at 0.50 cents per unit
Type of Security: Common Shares
Type of Offering: Secondary

If you’re interested in the offering above please contact me for more information. Dial 604-628-4463 or  403-420-5895 and ask for Bruce.

Each week, I am able to provide my clients with access to a number of new offerings. These offerings are available for a very short window each day, usually in the range of 2-3 hours at most.

If you would like me to contact you with information on future opportunities, please call me now so that I can explain the process in further detail.

- Bruce

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (”MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des épargnants.

Mackie Research Capital Corporation (MRCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-MRCC website please understand that it is independent from MRCC and that MRCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MRCC.

If you’re interested in the offering above please contact me for more information.

Each week, I am able to provide my clients with access to a number of new offerings. These offerings are available for a very short window each day, usually in the range of 2-3 hours at most.

If you would like me to contact you with information on future opportunities, please call me now so that I can explain the process in further detail.

- Bruce

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (”MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des épargnants.

Mackie Research Capital Corporation (MRCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-MRCC website please understand that it is independent from MRCC and that MRCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MRCC.

If you’re interested in the offering above please contact me for more information.

Each week, I am able to provide my clients with access to a number of new offerings. These offerings are available for a very short window each day, usually in the range of 2-3 hours at most.

If you would like me to contact you with information on future opportunities, please call me now so that I can explain the process in further detail.

- Bruce

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (”MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des épargnants.

Mackie Research Capital Corporation (MRCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-MRCC website please understand that it is independent from MRCC and that MRCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MRCC.

Many Canadians have met with success in our country and want to give back a little . this form of generosity can be seen in many philanthropic endeavors. Supporting a charity of your choice can very internally rewarding.

In keeping with this spirit of giving, the Government of Canada, several years and budgets ago, decided to support the charitable spirit of many Canadians. Rather than Government being the ones to decide who is to get support, they have left the decision in the hands of individual Canadians and encourage this by providing additional tax incentive to donate. This tax incentive manifests itself in the form of allowing a credit on your annual tax return related to the donation. In addition, where you donate an investment that you have made rather than cash, the gain on the investment is not taxed. Remember this key statement as it is the major thrust of this report.

Quite separately, the Government also wishes to encourage certain types of investment activity. The development of Canada is in part a story of resource exploration and development. Energy and mineral resources are a significant component of the economic life of our country. As such, given the risky nature of investing in this sector, tax incentives are also provided to encourage such investment. In the main, this incentive is generally characterized as “Flow-through” tax benefits. What it means in reality is that a company that you invest into “renounces” some of the expenses that it incurs in the quest for resources to you the investor. This is the flow through of a deduction which allows you to deduct the amount from income. (Usually 100% of the cost of your shares). Typically this saves you about 42% of the amount you invest in the form of a tax savings.

Later, when you sell or dispose of the investment you have to realize a capital gain on the investment and due to the flow-through right off deduction dropping your cost base (ACB) to zero, the whole of the proceeds become a capital gain. As such, this means you pay about 21% tax on the proceeds received.

Obviously the real benefit is determined by the price you paid and comparing that to the proceeds of sale. For this to work you still need to make good investment decisions.

Perhaps you can see where this is going. Let me connect the dots for you. Combining the properties of these two tax strategies provides a very significant result for you.

In the first instance, you identify a flow through tax shelter. Upon maturity of the shelter you contribute shares to the charity of your choice. You get two tax benefits and miss the re-capture of the gain. Lets use an example.

Put $10,000 into a Flow through. Deduct $10,000 from income and save $4200

Assuming you get the same price on liquidation:

Transfer $10,000 investment to your favourite charity and save $4,200.

Total tax savings is about $8400.

Your actual cost to provide a $10,000 gift your charity is about $1600.

This makes the strategy a “double-dip” of tax benefits. A little like having your cake and eat it too…

This is a brief overview of the concept. Certainly there are some risk factors associated with the flow –through investment that must be considered. As always, this strategy is not suitable for everyone but is a great plan for those that understand the risks and want to make charitable donations.

Mackie Research Capital Corporation (MRCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-MRCC website please understand that it is independent from MRCC and that MRCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MRCC.

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (”MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member CIPF.

(Dividend Re-Investment Program)

One of the mantras in investing is to take a slow, methodical and continuous investment approach. You may have heard about dollar-cost averaging. It can be demonstrated that making a periodic investment has benefits over lump sum investing. Saving a regular amount over many years can produce great results. By investing a similar amount with regularity, you do end up with a lower average cost per share. This occurs because when a stock is down you end up buying more shares than when the price is high. Improved investment performance tends to result.

It is also interesting to note that rising stock prices are not actually a good thing and you benefit from lower prices, which also happens to coincide when most investors shun the market.

Of all the adages to investing we hear none is more common than buy low /sell high, which unfortunately flies in the face of human investing emotions (fear and greed to put it bluntly). Dollar cost averaging removes this emotion and is one reason for general better performance, i.e. you are most fearful when the market is declining and you should be buying and you are most aggressive as a buyer when the market is providing positive reinforcement that you are making the right decision with higher prices.

For all of this to work of course you need a viable long term growth investment that has regular fluctuations. Mutual funds have long taken advantage of this, but my investment of choice is to find a good dividend paying company that lets me re-invest regularly into more shares using the dividends it pays. Even better if it pays frequently and I can purchase at a slight discount.

Typical of such plans are several companies that have reasonable high dividends. Below I have copied the policy statement from one such company (which I happen to like and have held for years). They have just announced a re-institution of their DRIP. The math in this case works out to a need to have about 100 + shares and you can participate. I am recommending this to my clients that do not need current cash but love the idea of owing a stock that pays a dividend and allows them to get cash ultimately without the need to sell the stock. (eg when they cancel the DRIP). As long as the dividend is paid, they end up with a good savings plan that keeps expanding with the natural compounding of dividends that buy shares that then produce additional dividends.

Other benefits include no commission cost to get the DRIP shares and in many cases you get a discounted price. The one below is at 95% of the 5 day trade weighted average price per share prior to the monthly dividend payment.

One other item that you do need to note is that the dividends are taxable, albeit at a much lower rate than interest, but you do not have the cash to pay the tax on the dividend as you have re-invested the amount. In reality, this is a small effect for most people and I view it as an additional self-inflicted savings plan.

Full details at of the Superior Plus plan can be found by following this link.

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation(“MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Mackie Research Capital Corporation, Member CIPF.

It would appear that there are several reasons for this and I would encourage all investors to consider the merits of the program. The lack of utilization has been a result of the economy, combined with some misunderstandings of how TFSA’s work.

Firstly, the economy has been soft in 2009 and many investors have been reluctant to add to investments. This includes normal cash accounts and RSP’s as well as this new type of account called a TFSA.
Secondly, there are many misunderstandings of what the program is and the pros and cons. Here are some of the more significant ones that I have come across.

1. A TFSA is a savings account and rates are so low right now it does not make sense. This is not correct. A TFSA is a type of account and can hold any type of investment that is also eligible for RSP’s. This includes all manner of interest products (GIC’s, T-Bills, money markets and Bonds) as well as growth securties and dividend paying securities. All income and capital gains generated are tax free. In effect the name is a little misleading but the choices are very broad.
2. A TFSA is going to complicate my tax return and/or affect my government benefits program (OAS<, GIS). This is not correct and the opposite is more the case. The money moved into a TFSA generates income that does not affect your tax return or the other programs and in fact, due to this, you actually may improve your situation on programs by deflecting income away from reporting.
3. A TFSA is hard to setup and understand. Not correct. Paperwork is very straightfoward and simple. (click here to see the documentation) The rules are quite simple, you can put in $5000 per year, withdraw whenever you like for any purpose and can replace any withdrawn funds in the next year. That is virtually it.
4. A TFSA can only invest in domestic assets. Again, not true. You can hold any number of alternative assets and be investing into almost any financial asset.

   You owe it to yourself to take advantage of this program I remember years ago when RSP’s started and there was a lot of hesitancy. Over time the benefits became clearer and Canadians started using them. This will be the route of TFSA’s as well. Also, as we pass into the new year the new contribution will be another $5000. So up to $10000 in total. It becomes cumulative.

This also brings up another observation. We are a nation of procrastinators. I noted that once the rules changed on RSP’s years ago eliminating the “use it or lose it” aspect of contributions, Canadians stopped rushing in to make their contributions and most now have a large unused amoun, whereas they were trying to use the contributions every year before the change. As a result, the usage of RSP’s as investment device has been reduced, which is an unfortunate consequence.

What should be put into your TFSA?

This is an interesting question and there is a range of answers. The most conservative of investors likely want fixed rate returns, while a more aggressive investor would look for a growth product and potentially a very aggressive growth product. As well buying new issue product makes some sense to reduce or eliminate commission or transaction charges which would reduce the value of the account.
Want to learn more or have a question? ( Email me )

- Bruce

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Research Capital Corporation (“RCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor RCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to RCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member CIPF.

Research Capital Corporation (RCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-RCC website please understand that it is independent from RCC and that RCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by RCC.