Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: hx4 who wrote (3063)	5/2/1999 9:56:00 PM
From: Buckey	Read Replies (2) of 4467

when you take the money out - It is income and you are taxed on it and they will actually withhold 10% on amounts up to $5,000 and more if over that. No creative suggestions but am willing to hear from others. If ya really think something is gonna POP or if it has been hit realkly hard and will bounce back up I suppose you could trasfer the shres out and deposit them back in at the higher price if it goes upo as you will get the RRSP break on the deposit and the income for the withdrawal will be lower. Hell - Too complicated foe me anyway

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