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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Peter W. Panchyshyn who wrote (3607)	6/28/2002 10:19:39 AM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

Ah, yet another two "stupid Peter principle" to add to the ever-growing list. Actually the first one is really a modification to his principle that "unrealized losses are not really losses". The modification being that this only applies to individuals, not corporations. The second one is that if Revenue Canada doesn't require that you show an unrealized loss or gain on your tax return, than you haven't really suffered a loss. FLASH NOTE TO ALL NORTEL HOLDERS: Revenue Canada (and Peter) say you haven't lost a penny, so you can sleep easy tonight. Or maybe this rule only applies to trusts? Peter, can you please clarify this particular "stupid Peter principle" for us? Also a modification to the "stupid Peter principle" that switching is always bad. Apparently its not bad if it's done by a trust of trusts that Peter owns and if it's done "for the right reasons". Otherwise it's bad.