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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Gold Beach who wrote (18033)	10/17/2007 8:48:43 PM
From: Condor	Read Replies (1) \| Respond to of 25575

Hi GB, Today our govt (CDN) on the throne speech (a parliamentary summation of the forthcoming years priorities) included a lowering of some taxes (Good and Services tax) and our economic chief Flaherty suggested that capital gains relief MAY be in the offing. He has been teasing us with that for a couple of years though. We have actually seen our cap. gains eased in the past ?? 6-8 years. More easing would be great obviously. The consideration as I understand it is to not tax cap. gains provided they are plowed right back in to equity investment. Incidentally, capital gains in Canada have no holding period requirements as they do in the US. One month or three years, they are treated the same. I'm not sure how our cap gains tax compares to yours in the US. I'm guessing we are higher but thats OK with us because we've grown to love being taxed. Wahoo!! I THINK our cap. gains taxes are calculated and taxed as income at 66% of the actual gain. So if one were in a mid personal tax rate of lets say 40% then the cap. gain would be taxed at 40% on 66% of the actual gain. I stand to be corrected on this. Cheers C