Value stocks | Page 5 | General financial discussion | Discussion forum

Bud, also I don't see Husky on your list. Anyway, I believe ethics are a fiction so I wouldn't distinguish between ethical and non-ethical oil. I might have said something to the effect that with the current enviro-mania sweeping the globe that carbon-based energy investments have a major cloud over them, but that's hardly news, that's a general sentiment that has been a weight on these equities for some time now. To be clear, I have no public opinion on any of the stocks in your list.

Winnie said
Usually about 3 gold 1 oz Maple Leafs are always on my working desk (I'm working from home), just playing with them, not a decoration.

It's better not to argue with CRA, in my opinion.
I will report sales of those 3 coins as an investment coins sales and report a bit more capital gain (I assume it will be gain, not loss).

If the intent was those three gold coins were primarily personal use and enjoyment when you purchased them, then do report them as listed personal property when they are sold one day.

The circumstances of their purchase and their sale will give away the primary use of the coins.

CRA and the Tax Court judges are practiced at "mindreading" and determining the likely actual intentions are. For example, they figured out that the homes the Giguères claimed the primary residence exemptions for were not really personal-use primary residences. Instead, they were really properties that Giguères bought, renovated, and flipped for profit. They just stayed in them temporarily instead of in a hotel.

The Canadian Mint sells collectibles. If you want to buy bullion, can't buy it from the Mint, have to go to a dealer. The gold Maple Leaf coin is listed as bullion on the Mint's site and thus is not available from the Mint. This might be another of the factors used in determining whether purchased Canadian gold is considered to be for personal (e.g. numismatic, collectible) vs investment purposes, I don't know.

Winnie, the Mint lists (I suppose authorized) dealers of bullion, here's a link. I know you don't like to buy from the big banks, do you have any advice re how to find a suitable dealer, or all they all the same?
https://www.mint.ca/store/mint/customer-service/bullion-dna-dealer-locator-10900014

... Winnie, I echo that. I remember a gold conversation with you somewhere but I cannot find that thread.

I bought a piece of gold ornament for mom at her 61st. She returned it to me earlier this year at her 91st. I sold it for cash $$$

No, I did not sold any of my gold so far, because I still have a lot of money to comfortable live.
When need will arise, I will be starting cashing out, but very little at one time (1-5 oz only), because I don't have any original purchase receipts and that may create some problems when I will be reporting capital gain to the CRA.
It's better to always have some receipts, when dealing with CRA, I learned.

Quick explanation why I don't have receipts.
I immigrated to Canada as a refugee from communist country and have no idea what capital gain is and how to deal with it at that time.

All my gold purchases from RBC, Scottia, CIBC, TD main branches at downtown Toronto locations were done via cash at that time.
Nobody ever asked my to show any ID whatsoever. They only asked for name and address.

Naturally, after communist country, I had very big allergy to any governments and any banks at time and for that reason never provided my real name and address.

CAD said

Winnie said
When need will arise, I will be starting cashing out, but very little at one time (1-5 oz only), because I don't have any original purchase receipts and that may create some problems when I will be reporting capital gain to the CRA.
It's better to always have some receipts, when dealing with CRA, I learned

Did gold seller (assuming legitimate) EVER asked you for a SIN number?
WHY do you have to have original receipts to sell gold (to the legitimate buyer)? 

CAD: Whenever something is sold that may be at a higher value than when it was bought, there is a capital gain. That has to be reported to CRA.

When selling, one can document the selling price, but evidence of the buying price is more elusive. In the absence of a receipt, the purchase date can provide historical guidance of what the going price at the time was.

Small amounts, such as in jewelry, are usually not aggressively tracked by CRA.

CAD said

Winnie said
When need will arise, I will be starting cashing out, but very little at one time (1-5 oz only), because I don't have any original purchase receipts and that may create some problems when I will be reporting capital gain to the CRA.
It's better to always have some receipts, when dealing with CRA, I learned

Did gold seller (assuming legitimate) EVER asked you for a SIN number?
WHY do you have to have original receipts to sell gold (to the legitimate buyer)?   

Most of my gold I purchased in 1990-1993.

Yes, all gold sellers were absolutely legitimate - Royal Bank (main branch 200 Bay St., Toronto), CIBC (main branch, Queen St, downtown Toronto), Bank of Nova Scotia (main branch, downtown Toronto) and TD also main branch there.

No, nobody EVER asked me for an ID and/or SIN.

No, I do not need original receipt to sell gold whatsoever.
I can sell it to the same banks, that I purchased from or to any jewellery store or to any gold dealer store or to anybody, who want to buy it.

But, when I will report capital gain to the CRA, it would be very suspicious, when amount of that gain will be in hundreds thousands and CRA can report me to RCMP and/or FINTRAC and it would be not fun for me to try to convince them, that I have nothing to do with
Toronto Pearson International Airport heist https://en.wikipedia.org/wiki/Toronto_Pearson_International_Airport_heist

AltaRed said
Gold bullion such as coins, wafers, bars and similar is a different matter. Amounts of 1 ounce or more is considered an investment which is subject to cap gains (or losses) as the case may be and must be declared.

MUST?
If dealer does not provide transaction details to the CRA why would you report 'capital gain?
Because your are very honest person? That is admirable but there are very, very, very few like you...