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Gold/Mining/Energy : Canadian Investment Resource Guide
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To: Imran who wrote (458)2/18/1999 12:32:00 AM
From: keith massey  Read Replies (1) of 591
 
You can buy it back the same day. Just add up the wins and loss for the year and this is your capital gain (or loss). The only rule is that any stock you sell for a loss at the end of the year can't be bought back for 30 days unless you don't want to claim the loss.

For example. You can't sell a stock for a loss on Dec 24, 1999 and claim it on 1999 income tax and then buy the stock back on Jan 2, 2000. You need to wait until Jan 24, 2000 to buy it back.

Best Regards
KEITH
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