Stocks and Taxes

[neptune]

Hi,

I've recently opened an investment account (non-registered) and bought some stocks through a discount brokerage.

Just buying so far - haven't sold any stocks yet.

Does this factor into my taxes? This is the first time I've done non-RRSP investing so I'm not sure what the details are in terms of taxes.

I'd like to know if (or how) these invested monies are counted in taxes.

Thanks!

[pitz]

If you just bought stocks, in a non-RRSP account, didn't borrow any money on margin or otherwise to do so, didn't receive any distributions or dividends from the stocks, and didn't sell, give, or [involuntarily] assign your stock to another, then you have nothing to declare on your taxes whatsoever *unless* your holdings of foreign property exceed $100k.

Got all that?

[neptune]

Great! Very good, concise information.

Thats exactly what my situation is - just used a few thousand from personal savings to buy US stocks. No margin, borrowing, selling, or anything else.

Thanks pitz.