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

To: Pied Piper who wrote (471)11/26/2001 5:40:43 PM
From: Robert Salasidis  Respond to of 548
 
You can do that, and switch it in your account over to the C$ side, so that when you sell, you sell it in C$.

The currency capital gain has to be taken into account though (which gets complicated)

If the question is Can stocks vs US stocks (ie not colisted Can stocks), then the main advantage of buying Canadian is the dividend tax credit, which you would not get on US stocks (but would get on a Can stock that trades in the US (Alcan for example))



To: Pied Piper who wrote (471)11/26/2001 10:20:29 PM
From: Buckey  Respond to of 548
 
Yes the advantage generally is the lower comish and no exchange as you state. ah - I see you have a us stock in us$$ - ah yes maybe buy it on the NYSE then.

The spread between my buy and sell eexchange rates in my trading accts is about 1.8% spread


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