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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (3705)	12/6/1999 10:01:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 4467

On November 23 1999 an article was printed in National Post titled "Day traders don't deserve tax break" written by Arthur Drache,QC.The article quoted a liberal politician who feels short term traders do not deserve to claim their gains as capital gains. I emailed Mr.Drache postings from this thread suggesting that Revenue Canada does not recognize short term trading as capital gains. He replied that "I don't agree with you.. but then I only have 30 years of tax experience." Perhaps short term traders should be aware of this discrepancy and not be so quick to report short term gains has income? Richard P.S. Arthur Drache can be reached at adrache@drache.com