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

To: Buckey who wrote (3065)	5/2/1999 10:04:00 PM
From: hx4	Read Replies (2) \| Respond to of 4467

Didn't think of that. I'll look into it . Thanks. Also one could move to a new house using self directed RRSP money as a mortgage and using money from sale of present house as play money. Still have to pay back though. Aren't these type of problems great ? ggg

To: Buckey who wrote (3065)	5/3/1999 2:53:00 AM
From: StockPro	Read Replies (1) \| Respond to of 4467

The withholding rates (as given to me by my broker) are ... upto $5000.00 -- 10% 5000.01 - 14999.99 -- 20% 15000.00 and over -- 30% As for your suggestion of trading and/or buying out shares at a lower prices and then re-depositing after an increase in price. This would probably work out as a "wash" ... you do get the benefit of the lower income on the withdrawal, but when you re-deposit it is a "deemed disposition" of your shares and so you would have to pay the capital gains on the share price increase, plus you would be using up RRSP "room" with "inflated" dollars.