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To: les jarosz who wrote (84)3/5/2000 1:37:00 PM
From: bwtidal  Respond to of 548
 
correct, if you do not own the stock at month end, you do not pay the penalty. be clear, however, as to whether your broker uses your trade date or settlement date positions for this calculation. most use settlement date, so you would have to sell a stock 3 business days prior to month end (of course, you could buy it back the next day...)



To: les jarosz who wrote (84)3/6/2000 12:20:00 AM
From: Chad Barrett  Read Replies (1) | Respond to of 548
 
<<What if you invested 50% of your rrsp in a foreign stock and sold it before month end. The statement does not show any foreign content for the
month. Does your broker have to charge the penalty?>>

Think of how a margin account works... I'm sure that they calculate your foreign content penalty in the same fashion... daily... it just makes sense... but I certainly don't know it for sure...


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