Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Investment Resource Guide -- Ignore unavailable to you. Want to Upgrade?

To: igor who wrote (250)	5/10/1998 6:11:00 PM
From: Scott Mc	Respond to of 591

Igor, I agree re US Brokers(probably more tble than its worth), I use Investorline also and I find them pretty good for Canadian orders, you can't beat TD for US orders although gets expensive if trying to buy more than 1000 shares, doing US orders in RSP, or doing shorts(cant be done electronically). Only thing I dont like about Investorline is that I can not see open orders on their phone or Web system, I usually have 4 or 5 open orders and can't be bothered writing them down. Anyway Good Luck to you, Scott PS: I use E-trade also, only takes day orders, haven;t tried their phone system yet.

To: igor who wrote (250)	5/10/1998 9:45:00 PM
From: eWhartHog	Read Replies (1) \| Respond to of 591

Normally, your US tax liability is withheld at source by your broker. In most cases, you won't have to file a US tax return unless your broker has withheld an incorrect amount. Several years ago, I held stock of a US closed-end fund at both my US and Canadian brokers. The US broker sent me a tax form for US capital gains taxes paid on my behalf by the fund. These were fully refundable but required filing a US tax return. When I asked my Canadian broker (Canada's largest discounter) for a form, they had no idea what I was talking about. No client who held a closed-end fund at that broker was sent the IRS form, so the refund was lost. I was able to get my full refund, but any obligation to file a US tax return or pay US tax is not affected by where the stock is held.