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

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To: Chris K. who wrote (451)10/21/2001 4:45:53 PM
From: Sultan  Read Replies (1) of 548
 
Looking through the capital gains guide, as usual, doing this is going to be messy since we have had a change in inclusion rate etc.. I am sure people have already checked out the Revenue Canada web site but here are some links for some research..

Good luck.. We have couple of months to fool around with figuring out how best to do this..

ccra-adrc.gc.ca
ccra-adrc.gc.ca

FP also has an article on the subject this weekend, which is available online.. You will have to go to the link and probably do a search..

nationalpost.com

Perfect time to realize tax losses
They can offset the higher tax rates of previous years

Jonathan Chevreau
Financial Post

Many investors in stocks and equity mutual funds are sitting on losses in 2001. The silver lining in this cloud is that those losses can be carried back three years to offset previous booked gains (and taxes paid) back in the bull market.

But if you have only unrealized paper losses, investors may want to sell before year-end to realize the losses for tax purposes.
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