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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: The Osprey who wrote (11953)5/9/1999 9:15:00 PM
From: Buckey  Respond to of 62348
 
Osprey - I like the sell and transfer the cash option - A lot cleaner and not open to any interpretation by my friends in OTTAwa



To: The Osprey who wrote (11953)5/10/1999 7:29:00 AM
From: Jester  Respond to of 62348
 
Osprey,

Your interpretation is correct! If you transfer stock "in kind" to your RRSP from your trading account, you are entitled to the RRSP deduction equal to the Fair Market Value on the transfer date. However, if you have a loss you will not be able to claim a capital loss on your tax return. Adding insult to injury, if you have a capital gain it must be reported as a capital gain on your return.

IT-124R6 is the reference.

Happy trading gentlemen

Jester


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