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MjMilo

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MjMilo

Re: flyingboozeman post# 50068

Monday, 07/30/2018 11:17:12 PM

Monday, July 30, 2018 11:17:12 PM

Post# of 96905
Well I had my own business and do all my trading through my business account at I-trade...and I have a huge loss on the books from my business that I carry forward each year even though my business is not operational anymore......

My accountant advised me to keep filing for my business so when I make some bank on this stock or others I can use my tax loss against any profits...

You know the first 50% is tax free on capital gains here in Canada...

2nd 50% is taxed at 50%...which means we are taxed 25% in total...not bad...

Convert usd back into cnd...30% premium....

So 300 thousand usd becomes 390 cdn...then taxes are based on that amount...for example

Whoever is careless with the truth in small matters cannot be trusted with important matters.
– Albert Einstein

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