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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (60660)	10/15/2000 1:33:52 PM
From: John Carson	Read Replies (1) \| Respond to of 99985

Ibexx, Is that good for the tech market or bad. Someone who did not want to sell their shares before because of too high capital gains tax may now think otherwise if percentage of taxable profits goes from 66 to 50%. Now is their chance to get out and save some money on taxes. In short term may be bad, in long term, probably good for tech markets. But then again, how much impact does a country of 20 million people have on the global tech market? Unless, of course, U.S. picks up where Canada left off and also lowers capital gains taxes, but I doubt that will happen since U.S. does follow what Canada does. By the way my QQQ OCT put option order went through at 4 pm on Friday in the height of the buying frenzy, best time to buy puts usually (if you can pick bottom, which I did, got lowest price of the day) as panic buying drops put price more than it should be. Will not matter much though if buying continues on Monday.

To: Ibexx who wrote (60660)	10/15/2000 2:10:38 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99985

Ibexx, do you know if the Canadian tax code covers all cap gains (both on Canadian companies and outside?). TIA By the way, that just barely brings them to parity with US tax code. In the US we also have now a "Super Capital Gain" treatment that was aimed at "directing" funds into small and start up companies. Namely, the tax rate is only 10% if the company in which you invest had assets of less than $50 MM (at the time of investment) and you held the position for 5 years. Zeev