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

To: Condor who wrote (201)	10/15/2000 10:19:41 AM
From: Ed Mitukiewicz	Read Replies (2) \| Respond to of 548

I read that as well. It may be a good strategy to sell some losers to get at the 2/3rds loss instead of the rumoured 50%. If you buy back within 30 days the loss would be disallowed and added back to your cost base. The problem with selling on Monday is that there is a three day settlement period so the actual date of the transaction wouldn't be until Thursday which is after the proposed announcement. Regards, Ed

To: Condor who wrote (201)	10/15/2000 11:55:12 AM
From: Kayaker	Respond to of 548

Just read that the CDN capital Gains Tax will be reduced from 66 2/3% to 50% on Wednesday by the Feds. Is there an article on this someone could point me too? Thanks. Edit. Found it at the Globe & Mail. globeandmail.com Capital gains tax to be cut By SHAWN McCARTHY and HEATHER SCOFFIELD Globe and Mail Update Ottawa — Finance Minister Paul Martin is set to make a steep cut in capital-gains taxes as part of a Liberal election plan to boost Canada's performance in the high-tech economy. In a mini-budget on Wednesday, Mr. Martin will drop the so-called inclusion rate for capital gains to 50 per cent from two-thirds, sources confirmed yesterday. That means someone who sells shares for a profit would pay income tax on only 50 per cent of that profit; currently, they would pay income tax on two-thirds of the gain. The new tax rate will apply immediately to capital gains realized after it is announced. Capital gains realized before Wednesday will be taxed at the old rate....