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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 (3725)	7/24/2002 1:23:08 PM
From: Cogito Ergo Sum	Respond to of 11633

Hi Peter, I've had this problem also. I tend to make a lot of contributions in kind. re: hey won't let you take the loss and then use that loss to offset gains and then also use the contribution as a tax deduction (RSP) on your returns. If you buy the amount you want in the RRSP and then sell the non registered shares you're fine. And you're broker is happier cause he gets two commissions. Sounds like broker welfare to me. I don't see how you can abuse it since it is in a RSP now. It shouldn't be the same as the 30 day rule outside of your RSP IMO. regards Kastel

To: Peter W. Panchyshyn who wrote (3725)	7/24/2002 1:48:30 PM
From: Scott Mc	Read Replies (2) \| Respond to of 11633

From what I have read on the matter. RC sees it as you trying to do some double dipping tax wise. They won't let you take the loss and then use that loss to offset gains and then also use the contribution as a tax deduction (RSP) on your returns. For them its one or the other but not both. ---------- Its simpler than that, they want as much tax as possible, and its (in this case) heads they win, tales you lose.... As far as margin, yes I use margin however my outstanding loans are over $100K less than they were 2 months ago, so I think I still have a little room to work with. Scott