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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks
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To: Sultan who wrote (448)4/24/2002 5:16:02 AM
From: Johnny Canuck  Read Replies (1) of 548
 
Question to the thread:

I am doing my Canadian taxes this week and for the first time in my trading/investing experience I have some daily margin interest to claim as an expense against my gains and losses. The only problems is that I only get a statement that states the total margin interest for the month from my brokerage firm. So how do I deal with months where I have opened and closed multiple positions during the month? The position were started and closed at different times of the month and may have been held from any where from a few days or a few weeks. How do you calculate the portion of the monthly margin interest rate charge that needs to get applied as an expense to each position that was actually sold during a particular month.
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