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


To: Sleeperz who wrote (2871)4/21/1999 12:47:00 PM
From: chen hong  Respond to of 4467
 
Hi there,

Thank you for all your reply and links. That is a great help.

I am now living in Saskatchwan, Canada.

In 1996 and 1997, I traded American stocks using both Royal
action direct ( Canadian broker) and Datek online ( American broker).
From 1998, I only use Datek because Action direct service fee is usually 5 times higher than that of Datek. In 1996 and 1997, I have a huge loss trading stock compared with my other income, I even did not claim my loss because of my bad mood that time. At the end of 1998, I invested my last thousand bucks into some internet stocks, my luck changed, I almost get all my money back.

So in 1998 alone, I have a big profit, I decided to claim this gain in my 1998 Tax Return, and also fix my 1996 and 1997 return to include loss in those two years.

I went to my local Revenue Canada asking them how to calculate my trading, they told me they were not sure! Now I am still waiting for their reply.

Good luck on trading