Trading profits in US Stocks? - A taxation Qs


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ajm   
Member since: Oct 04
Posts: 24
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Post ID: #PID Posted on: 08-12-04 13:06:59

Hi all,
What are the tax rules if one makes trading profit (short term) on US Stocks? Is one liable to pay taxes in USA and then claim tax - credit in the Canadian Tax return or does one directly show this as profit in the Canadian Tax return and pay the relevant Canadian Taxes only?

Thanks
AJ





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