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

To: Ronald who wrote (2872)4/21/1999 7:43:00 AM
From: Buckey  Respond to of 4467
 
Ronald - I completely agree - Check That link I provided to the CDN tax guide online - Daytrading and especially penny stocks is income 6 times over and not even close to capital gains - I will try and find the link



To: Ronald who wrote (2872)4/24/1999 7:19:00 AM
From: triplehrw  Read Replies (1) | Respond to of 4467
 
Please elaborate on this one.
What frequency of trading is considered income applicable.
What frequency is considered Capital gains applicable.
I would think all trading is Capital gains applicable.
The only other rule I know of is crystalizing losses, this
requires a 30day no trade period.
Is there something I am missing here in the tax laws in
Canada.


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