A Question?

Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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BKM8572

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A Question?

posted on Mar 31, 2010 12:16PM

For both Canadians and any other Nationalities on this Board.

How long does Canada and other economic systems which members of this Board belong to require if taking a capital loss on a trade. In the US the requirement is that the seller has to wait 31 days prior to repurchasing the secirity back in order to deduct the loss and thereby create a new base cost basis. If one does not allow the required amount of time, then ones ability to take the loss for tax purposes is nullified.

Sorry as this post is not technically about Connacher specifically. But, I do not have the liberty of 3 or 4 days to receive an answer from the "off topic" board.