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

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To: Johnny Canuck who wrote (505)4/24/2002 3:35:43 PM
From: Miner  Read Replies (1) of 548
 
Harry,

Can I throw my two cents in on this topic too? (that's about my investment gain).

Did your broker mention cumulative net investment loss "CNIL" when you talked. I think you have to carry this balance to accumulate all the expenses such as interest paid and safety deposit box fees. The part I am trying to figure out is, when do you use this? I think you are supposed to reduce any capital losses being claimed by this balance, but I have only seen this mentioned regarding farm properties or small business sales. Does it apply to investment gains?

regards, john
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