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To: EL KABONG!!! who wrote (25144)	11/8/2002 2:03:00 PM
From: marcos	Respond to of 74559

No idea how they work down there, but here [i deal with TDW] they have E accounts denominated in loonies, and F accounts denominated in usd ... these are both held with the canuck side, only difference is currency [we have the odd issue here trading in usd, tickers ending in .u, for instance ymc.u, Anatolia, listed on the cdnx or whatever they call it today ... that is not one of the worst juniors out there, btw, serious resources developing in Asia Minor, competent people, hefty backing from Río Tinto] [but i digress] ... here we deal only with RC on capital gains on anything held within a canadian account, doesn't matter if it's traded in the US, no withholding, no IRS ever ... i would expect this to be entirely reciprocal, principle being that you deal with the tax structure of your country of residence, and the other does not doubly tax you Btw, they share information quite totally, RC and the IRS, soon as you have something showing up from across the border ... it has been said here, that having much for capital gains in the US increases your chances of an audit from Revenue Canada ... don't know the truth of that, but it's rumoured that this adds something to their point system ... [edit] - this does not apply to the above, i.e. US shares traded in canuck accounts But the synchronisation and reciprocity of taxes on investment is quite advanced, predates NAFTA as well if memory serves .... sorry no time to google anything up on this, but it's out there ... dividends are another story, and things like rights issues and much m&a activity complicates matters enormously, that's only partly tax structure though, mostly SEC rules with which it is expensive to comply .... this is the least inhibiting border on the planet probably .... which is a good part of the reason for our feeling of betrayal when the corruptos of DC are permitted to assault us like they are doing right now to BC forestry communities - #Subject-51596