TAXES, TAXATION, TAX and Canadian stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sultan who wrote (100)	3/6/2000 6:39:00 PM
From: scouser	Read Replies (1) of 548

Sultan , turns out it is YOU who needs the new broker LOL, I called Revenue Canada they said it has NOTHING to do with where the stock trades OR where head office is ! The citeria is the the jurisdiction that owns most of the stock, a US company trading on the NAS, headquarters in Dallas that is 51% owned by Canadians does not count as foreign content! A Vancouver company trading on the CDNX who's stock is 51% owned by the Brits is foreign. It is up to the brokerage house to keep track. RRSP's are checked once a month for % content , the idea being if you are over 20% you need a few weeks to get it back below 20% so it only calculated once a month. Oh yeah, the % content is STILL only 20%, the new rates are PROPOSED only , until proclaimed into law, if ever.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next