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

To: Condor who wrote (1843)	11/13/1999 3:59:00 PM
From: md1derful	Read Replies (1) \| Respond to of 5053

Yes, we can only offset up to $3000 capital losses tho..that is the most losses we can claim ....of course, none of us stock wizs have to ever claim that...now interest and dividend is taxed at the marginal rate which for me, I think is close to 40%...thus for us economically unchallenged types, it perhaps makes best sense to minimize the dividends and hold your gains for a year...that, incidently is why the market tends to tank by end of November..we sell our losers, thus creating more downward pressure on these sickly stocks anyway and then buy them back 30 days later before year end to get the loss and prevent the wash..hence another reason for the Jan effect and Santa Claus rally we seem to get every year...the end of Nov, thus becomes a great time to buy beaten down stocks which people are discarding, of course assuming the fundamentals remain excellent. idtc may be one such stock

To: Condor who wrote (1843)	11/14/1999 5:07:00 AM
From: Riverlightning	Read Replies (2) \| Respond to of 5053

Canadians and Americans as well. We are in a technological age. Wealth is no longer measured by land and factories. Vast sums of money can be transferred thru cyberspace at the click of a mouse. If you are a full time trader (I am not) and that is your sole or main income generating activity, it makes no sense to pay the oppressive Canadian taxes or the somewhat less onerous US taxes. You can become a citizen of some fine place like the Cayman Islands and get a second passport. You can establish your legal residence in that tax friendly country. You can then transfer all your accounts to that residence address. Then you can legally tell the IRS and the Canadian tax folks to kiss your capital gains. This is not worth doing unless you have significant stock earnings. Of course you should consult a lawyer of your choice before proceeding along these lines. If done correctly it can work.