BOCXman, please try to get your facts straight about Canada.
1. Socialism is a system in which the means of production are publicly owned, not in which earned income or capital gains are highly taxed. (Under true socialism, there would presumably be no "capital gains"). In Canada, the means of production are privately owned, and capital gains are allowed.
So Canada is not a "socialist country."
2. Canada's tax rate on capital gains is no where near as high as 50 per cent. It is much lower. Check with Revenue Canada to get the actual figure.
3. The personal tax deadline in Canada is April, not June. Moreover, taxes on capital gains earned by Gold in the spring of a particular calendar year would not have until spring of the next calendar year.
Thanks for trying to crunch the numbers though. Your efforts are appreciated.
