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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks

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To: Ron Schier who wrote (39)	2/28/2000 10:01:00 PM
From: Buckey	Read Replies (1) of 548

RON - I treat trading like a Business - the answers are yes to all of your questions. IF you go to an AGM - YOIu dont even need to own shares in it - BUT if you begin to claim expenses you must be clkaiming your gains as income not as Capital expenses. I claimed losses the last two years and added in all my expenses - They allowed those losses against my regular income. Now I am way up this year and once again all my exepnses will be used to offset my gains as none of my gains are Capital gains. What I pose now is what advantages would I have to incorporating myself for trading purposes - I have a surgeon friend who just incorporated himself. any thoughts on this one folks

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