Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: kingfisher who wrote (4064)	4/9/2000 11:01:00 PM
From: Buckey	Respond to of 4467

I really like the first part about assuming my PF at $100k. Unfortuantely it is not that large - Maybe all the accts put together including SDRRSPs. What you suggest makes sense but I do not think it is allowed as a profit or loss is only recorded upon disposal - So the market value does not work. I agree with your idea in principle just like a simple business - closing inventory less opening inventory plus money taken out less exepenses. Maybe someday - Possibly if you are incorporated and I must look into that with a tax accountant as my lawyre was unsure - I asked him about incorporating my trading enterprise - I beleive some folks have said that this idea is tricky if even allowed - I should do that as the first 200k i staxed at a lower rate - I know surgeaons incorporate themselves.