home bbs files messages ]

Forums before death by AOL, social media and spammers... "We can't have nice things"

   can.taxes      All that "free" healthcare has a price      23,408 messages   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]

   Message 22,882 of 23,408   
   Alan Bowler to Sharxster   
   Re: Capital gans or lossess   
   23 Jun 14 12:04:47   
   
   From: atbowler@thinkage.ca   
      
   On 2014-06-02 1:42 AM, Sharxster wrote:   
   > I track my trades using a software program called Quicken Home and   
   > Business 2014. At any time   
   > I can produce a Realized Capital Gains/Losses Report which as all   
   > the data that I need   
   > to properly prepare my income tax return. No dif whether you live   
   > in Canada or the U.S.A.   
      
   Actually, there is some difference.  The US has some funny   
   rules about whether a trade is considered a capital gain,   
   and the tax rate depending on how long the stock lot is held.   
   Also, Canada tracks capital gains based on average cost   
   for the shares sold; the US does it by share lot.   
   That makes a BIG difference in the amount work.   
      
   Personally, I just use some spreadsheets.  Being of the   
   buy-and-hold-forever school, I just don't have enough   
   trades to need anything fancier.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]


(c) 1994,  bbs@darkrealms.ca