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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks -- Ignore unavailable to you. Want to Upgrade?

To: scouser who wrote (112)	3/6/2000 7:13:00 PM
From: Sultan	Read Replies (1) \| Respond to of 548

The citeria is the the jurisdiction that owns most of the stock, a US company trading on the NAS, headquarters in Dallas that is 51% owned by Canadians does not count as foreign content! A Vancouver company trading on the CDNX who's stock is 51% owned by the Brits is foreign. I am sorry. Unless some one can show you this in writing, I have to say, it is incorrect. The reason is simple.. Ownership fluctuates.. Take Cognos as an example. Trades on TSE and Nasdaq.. Cognos is treated as canadian for foreign content purposes in RRSP. Their H.O is Ottawa although they have very large presence in U.S. Yet, the guesstimate on who owns the outstanding shares per last survey pegs foreign ownership at 71%. So based on what you have written, Cognos should be considered foreign. Unless there are share holders with majority blocks, minimum 5% in US and 10% in Canada, who owns the share is based on what the brokerage will report as to the shares held in street name more or less and that will fluctuate like crazy based on how popular the share becomes with US investors, specially if it trades on Nasdaq.. Theoretically then, some issue that was considered canadian could become foreign, or vice versa, based on what you are saying.. FWIW..