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

To: mappingworld who wrote (511)	12/12/2002 10:14:59 AM
From: Sultan	Read Replies (1) \| Respond to of 548

General capital gains/loss strategy.. Most folks have a lot of seriously eroded stocks.. Even if one does not have offsetting capital gains booked this year, it is still a good idea to book losses IF one has paid capital gains in previous 3 years.. Most likely, capital gains were paid in 1999 since that was a good year for most so capital losses this year can be applied against 1999 and get a tax refund.. Important point.. To reclaim taxes paid in 1999, this is the year to book losses.. After which, you will not be able to touch 1999 gains..