But what about subtracting previous years capital losses. In '09 I had huge (for me) gains but it was only to get me to even from '08.Norbert Schlenker wrote: a) Gross up capital gains to the actual figure instead of the taxable figure.
newguy
But what about subtracting previous years capital losses. In '09 I had huge (for me) gains but it was only to get me to even from '08.Norbert Schlenker wrote: a) Gross up capital gains to the actual figure instead of the taxable figure.
I think I am right but it would be hard to figure out.Doug wrote:I'm not a tax expert. My impression, from this board, was that I can't claim foreign tax credit for distributions from American based ETFs that invest outside America. I would like for newguy to be right.
That may be true but it's a stupid way for a business to think. Once the dollar changed they already had a loss. It's just a question of when and how they realize it. It's like people who hold on to a declining stock thinking they only have a real loss when they sell, for now it's just a paper loss .augustabound wrote:Would it not be fair to also say that Amazon.ca and Chapters may have bought these books with a lower Canadian dollar? Their cost basis needs to be considered when they set their prices, not the current dollar value.
That is the total amount of secutities you sold during the year. It's up to you to report the amount bought.anh2 wrote:BTW my T5008 from IB is also wrong like many other, my box 21 on T5008 proceeds says $633,317.65 if I only wish with a deposit $33K.
Are you sure? That's not the way I read this.MaxFax wrote:The math above is correct except for the deduction of the $200 from the FX loss. You would only deduct it from a gain. Or just forget it - I do.
newguyIn the case of individuals the rules in that subsection provide that only the amount in excess of $200 of an individual's net gain or loss on the disposition of foreign currency is taxable or deductible as a capital gain or loss.
Depends on your definition of novice. You seem to know more about the issues than, I'd guess, 99% of Canadians. The only thing I would add is: do the math, figure out what happens in each lifelong scenario.Doug wrote:I'm a novice index investor.
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Comments, including criticisms, are most welcome.
I would say ?? not sure about this, is there no flow-thru?For American domiciled funds investing outside America, a Canadian investor loses the foreign tax credit.
It's not always 1%, but I agree it costs more than it's worth.I myself would prefer not to have currency hedging due to the 1% drag it puts on your portfolio.
Forget technical analysis, go buy a calendar. Even easier, if you have a hangover, buy stocks.Continuing our coverage of the statistical aberration that is Mutual Fund Mondays, we have now officially resumed our adventure in Wonderland. Today marked the 18 out of the last 19 Mondays when the market was up. So far Mondays alone have generated a cumulative YTD return of just under 10%. This means that if one were to take away every Monday from every week in 2010, the S&P would have been negative.
It's that what they were selling was designed by Paulson to fail.carnet wrote:I'm not quite sure I understand the nature of the alleged fraud. Perhaps, I just haven't found the right clipping but is the allegation that someone at GS lied about the deal?
As far as I can tell, GS didn't force someone at gunpoint to buy anything. Presumably, there was some due diligence on the buyer's side. It seems like the buyer had influence about some of the deal details. Though, it's not the buyer that seems to be complaining here.
It doesn't seem right that CAD should be down 130bps at one point because GS will have a small fine. Maybe the financials but this was about commodities and I think it had more to do with China.Mike Schimek wrote:Well today was somewhat worrisome. Seeing markets tank just because Goldman Sachs got hit with a lawsuit seems indicative of how fragile sentiment is.
Right, but AFAIK that's only in Quebec. The ROC uses laywers. It still cost me something like $500 (to the notary) to have mine paid off.Mike Schimek wrote:That sounds kind of funny for some reason. I think notaries can clear land titles, but not sure.