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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (22214)1/28/2000 12:42:00 PM
From: Brennan Wilkie  Read Replies (1) | Respond to of 36688
 
Just read an article about it in the paper a couple of days ago, and also in my CSC guidebook both which stated all investors can claim for the 25% tax, however it only applies to securities traded in canada, so if you day trade naz puppies then you are not eligible for the reduction.



To: Buckey who wrote (22214)1/28/2000 12:49:00 PM
From: Clarican  Respond to of 36688
 
Don Billins posted this link regarding income tax.
Message 12688124

Article is at
stockjournalist.com

This should be on the Chief's site as well.



To: Buckey who wrote (22214)1/28/2000 1:16:00 PM
From: Clark Kent  Respond to of 36688
 

Message #22214 from Buckey at Jan 28 2000 12:32PM
Brennan - are you absolutely sure on the capitakl thingy - WE have debated that to death and I am 95% sure that daytrades etc are taxable as regular income and and not subject to the 25% reduction for capital gains.


CSC-pg 11-15
"Revenue Canada interprets a dealer or trader in securities as a taxpayer wo participates in the promotion or underwriting of a particular issue of shares or who to the public is a dealer in shares."
Buckey,
Momo trading is treated as a capitals gains (or loss) for most here.

I couldn't find anything on Momo puppies per se. <gg>



To: Buckey who wrote (22214)1/28/2000 1:21:00 PM
From: SwampDogg  Respond to of 36688
 
You have to have a real job in order for it to be taxable as capital gains. If you sit at home and make money trading and it is your sole source of income then it will be considered income.