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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks
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To: Jim Bishop who wrote (10)2/19/2000 6:40:00 PM
From: hugh thorne  Read Replies (1) of 548
 
Very few tax cases on the issue to date, i would expect this to change and we will see a more aggressive stand from Revenue.

Individuals, who are not considered traders, can elect under SS 39(4) to have capital treatment. Essentially a catch 22 though, only a trader would be at risk of re-assessment and would need to rely on the election.
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