Search found 2 matches

by jqpublic
Tue Jul 04, 2006 2:23 pm
Forum: Canada / United States Tax & Accounting
Topic: Cap Gains on TSE Stocks for US resident/citizen
Replies: 6
Views: 5850

Followup

In reading IT-420 (referred by 5013-G) section 16 where it discusses "taxable canadian property" in the list of "common items" it doesn't discuss publically traded stocks only referring to partnerships when addressing the 50% issue and also "certain" unit trusts. Since ...
by jqpublic
Tue Jul 04, 2006 1:10 pm
Forum: Canada / United States Tax & Accounting
Topic: Cap Gains on TSE Stocks for US resident/citizen
Replies: 6
Views: 5850

Cap Gains on TSE Stocks for US resident/citizen

If I trade stocks on the TSE with a US brokerage account, are all gains/losses generally considered US source for IRS purposes and non-taxable for CRA purposes? There seems to be an exception in the CRA code for gains from "a share of the capital stock of a company where the share's value is de...