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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks
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To: Mare Britton who wrote (59)3/3/2000 8:10:00 AM
From: Buckey  Read Replies (2) of 548
 
IF they are delisted - Write them off as a loss - a sell of 0 - If for whatever reasons they come back at some point then claim the gain on the sell with an ACB of 0 - fortunately I have not had this happen YET.

Now there might be some rules around this - For emaple if you short a stock that gets delisted I have heard that it is a two year wait to cover the short.

It might be two years before you can claim the loss. The whole thing is poorly understood in Canada - The laws are all geared towrads standard cap gains
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