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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Scott Mc who wrote (3722)	7/24/2002 12:39:16 PM
From: Peter W. Panchyshyn	Read Replies (2) of 11633

Actually I think RC is a bit confused on Cap Gains. E.G. moving a security into a RSP from a trading account, they would like to believe that a gain is a gain but a loss is not a loss... ------ From what I have read on the matter. RC sees it as you trying to do some double dipping tax wise. They won't let you take the loss and then use that loss to offset gains and then also use the contribution as a tax deduction (RSP) on your returns. For them its one or the other but not both. ---------- Go figure, although the loss side is being challenged more and more in court.. On Paper losses I believe that if I took paper losses more seriously I would be a better trader...... ------- Sorry but traders don't have the luxury ,time wise speaking. Especially if in Lorne's case your tapped out with no cash left and your holding a margined account. As we saw today at the beginning the markets tanked. Now I would say it is pretty good odds that under those circumstances Lorne did in fact get a margin call. No way around that when your called they take. Even selling at a loss. Now I am sure Lorne will deny this. But anyone who knows the banks when its their money your using your out of luck. Especially if you screw up. Like that. ------------

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