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 (3065)	5/3/1999 2:53:00 AM
From: StockPro	Read Replies (1) of 4467

The withholding rates (as given to me by my broker) are ... upto $5000.00 -- 10% 5000.01 - 14999.99 -- 20% 15000.00 and over -- 30% As for your suggestion of trading and/or buying out shares at a lower prices and then re-depositing after an increase in price. This would probably work out as a "wash" ... you do get the benefit of the lower income on the withdrawal, but when you re-deposit it is a "deemed disposition" of your shares and so you would have to pay the capital gains on the share price increase, plus you would be using up RRSP "room" with "inflated" dollars.

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