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To: ztect who wrote (3350)	12/9/1998 9:42:00 AM
From: justaninvestor	Respond to of 37507

Ztect .. In Canada, it makes no difference how long you hold the stock before you sell it - a day, a year, 10 years. You take 75% of your gain and add that to your income. That overall income determines what tax rate you have - I live in BC, which I believe has the highest combination of Federal & Provincial taxes in the country.

To: ztect who wrote (3350)	12/9/1998 9:44:00 AM
From: The Osprey	Respond to of 37507

We have Old Age Security which is funded via Federal Taxes.And a Canada Pension Plan which we pay into based on a percentage of income on I believe a maximum of 29,000.Changes are in the works to re-structure both of these in the future and we do have an old age claw back in place.IE if you are over 65 and receive it and are above a certain level indirectly you pay it back in taxes at the end of the year.

To: ztect who wrote (3350)	12/9/1998 9:45:00 AM
From: Sili Investor	Read Replies (1) \| Respond to of 37507

We have Social Security. It's included within the Federal Tax. The easiest way to look at things in Canada is: Tax on income less than 60,000 is around 39% (including provincial taxes) Tax on income above 60,000 is aorund 50% (including provincial taxes) Tax on capital gains is between 37 and 40% Tax on dividends is around 33% These taxes do not include sales taxes which average around 15%. No fun paying all this tax! But we do have very good safety nets, although in the past fewyears, people would argue that its going down hill.