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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: chris who wrote (1095)11/6/1998 2:34:00 PM
From: the Chief  Read Replies (3) | Respond to of 4467
 
You cannot apply capital losses to taxable income. Is this correct, as i understand it.

Yes, thats correct. You could some years back, but then they came out with the onetime Capital Gain claim of 500K and did away with losses against income, then of course commenced reducing the 500K downwards!

Have a good weekend everyone! I get my new PII 450 with 1, 19" monitor and 2 17" tomorrow. If you are in Ontario Canada, I would suggest having a backup generator at the standby!! The load on power-up will likely knock a grid off!! <gggg>

the Chief