Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: Buckey who wrote (3027)	4/29/1999 8:29:00 AM
From: JAS	Read Replies (1) of 4467

John.. that sounds good. With the number of trades we do, I can see them coming back and saying the CG will not be able to be used. "Reasonable Profit"... better to keep the amount they return to you in a nice tight fund. I had them come back and want all the return cash after they decided a small business I have was not making enough profit. Being appealed but still a hassle. Seems there are more tax cops out there after the little guy that does not know how to complain or fight back. Interest cost on money used to buy stocks is still allowed using the Capital Gain method but forming a small sole-prop. company and being able to write off all expenses(including trips, office space, computer costs, etc) is appealing. The only question I have is how long they would let one use tax paid on other income as a source for getting tax back on daytrading losses? Regards Jim

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