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To: taxman who wrote (21461)4/23/1999 2:33:00 PM
From: t2  Read Replies (1) | Respond to of 74651
 
so if one leverages at 4:1, he'll equal the s & p.

I am not sure what percentage they use but I think it depends on the strike prices etc..
The bottom line is equal the S and P 500.
Up here we even have European Index; Asia; International that are considered Canadian using the same loopholes that individuals and mutual funds have---ie 20% foreign.

It might just be a matter of time before they start curbing this activity IMHO. As a solution, they could increase the foreign content limits in return. Just pure speculation.



To: taxman who wrote (21461)4/23/1999 3:17:00 PM
From: Jean M. Gauthier  Read Replies (1) | Respond to of 74651
 
Confused big guy...

Huh ?

pls explain ?

Take care
Jean