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To: taxman who wrote (21457)4/23/1999 2:14:00 PM
From: Jean M. Gauthier  Read Replies (1) | Respond to of 74651
 
You understood perfectly..

We have it somewhat worse as most of out funds are backended so you only pay the commission if you sell before 6-7 YEARS.

Needless to say, that LOCKS you in some major dogs for a LONG time, and you feel trapped.

Last year, I paid TAXES on losses ! They earned negative returns and I paid taxes on capital gains distributions... Ouch.

I am going into stocks now but I will need help in buying LEAPS or options for the 20% I CAN invest in the USA. The other 80% will HAVE to be, BY LAW, into UNDERPERFORMING canadian stocks...

Maybe I'll buy TD Bank or Nortel as US Proxies..

Take care
Jean