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

To: the Chief who wrote (1128)	11/8/1998 6:23:00 PM
From: keith massey	Read Replies (1) \| Respond to of 4467

Chief I am also on the verge of my knowledge on this subject. You are correct that you can't write-off the computer but instead depreciate it. In any normal year you can depreciate something like 30-15% of your hardware and software costs. However the next two years are a special case. Tax Canada has change the rules because of the large amount of money that corporations are spending on computers because of the year 2000 problem. You can write off 100% of any computers or software needed to fix the year 2000 problems. However this rule is only in effect until the year 2000. So lets say that you are a daytrader who has a non-compliant year 2000 486 and your software is not year 2000 compliant. Well you would need to buy a new Pentium II 450 with software to have a year 2000 compliant computer and would be able to write off the whole computer. At least this is how I understand it. Again I am not a tax accountant but have done a little reading on the subject. I suggest that everyone check out quicken.ca for tax advice. It could save you a bundle. Best Regards KEITH

To: the Chief who wrote (1128)	11/8/1998 6:32:00 PM
From: keith massey	Read Replies (2) \| Respond to of 4467

On a completely different note A couple of the major things that move a stock are positive or negative earning reports and downgrades or upgrades by stock analysts/houses. I currently use First Call for my earnings estimate reports, Quote.com to figure out when companies are announcing earnings and look everywhere else to figure out analyst's recommendations. Does anyone have any good sites for Canadian stocks that compiles all of this information? There are several sites for U.S stocks but I have not found any for Canadian stocks. In addition, does anyone want to share their strategy for playing earnings. Best Regards KEITH