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To: Jeff who wrote (17708)3/24/2001 11:45:06 PM
From: Wayne Rumball  Read Replies (1) | Respond to of 19297
 
I'm not sure what you mean by losses......



To: Jeff who wrote (17708)3/24/2001 11:52:17 PM
From: Wayne Rumball  Respond to of 19297
 
yada yada yada

MY POINT is that in your original post you had no clue whatsoever about what you were saying.



To: Jeff who wrote (17708)3/25/2001 12:01:25 AM
From: ISOMAN  Read Replies (1) | Respond to of 19297
 
That isn't entirely true in Canada.

If you are a daytrader...I mean a real daytrader...flip in flip out, close all positions by day end..

Revenue Canada can and has ruled that those are not capital gains or losses, but Income...

That has some real ramifications for income tax...

Too many to cover in a post on SI...

and believe me...I have had this discussion with Revenue Canada...


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