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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (1834)11/13/1999 1:52:00 PM
From: md1derful  Read Replies (2) | Respond to of 5053
 
That's right...we'd pay tax on the appreciation of jdx in American dollars..what though is the PERCENT TAX RATE you would have to pay on say a 100,000 profit.....here it would be 20% of the entire profit, if you held it for longer than a year, I think...thanks
doc



To: keith massey who wrote (1834)11/13/1999 2:01:00 PM
From: mik mah  Read Replies (2) | Respond to of 5053
 
ot As Canadians, can we write off the commissions? eom



To: keith massey who wrote (1834)11/13/1999 2:22:00 PM
From: AriKirA  Respond to of 5053
 
OT

If you are a professional trader you pay tax on 100% of you capital gains but also get to write off all you trading costs (e.g. computers, paper, rent, phone, etc.).

If such is the case Keith, Revenue Canada considers the profit generated by the 'businness' as being income. This categorization allows you to deduct certain business related expenses from said amount.

Kind Regards
Ari


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