Thanks! What are some good jr mining companies to look at in Canada? Where can I find out some good ones? Any advice?
Tax question regarding trading Canadian stocks,futures etc- what are consequences\responsibilities for US resident if he trade Canadian securities via IB? where and how taxes are paid? Thank you!
which statement is attributable to mark twain? "Definition of a gold mine: A hole in the ground with a liar standing next to it. - Mark Twain" "Mark Twain defined a gold mine as 'a hole in the ground at one end, and a d - d fool at the other!' or a hole in the ground with a liar sitting on top of it. there are other variations. anybody know with certainty the correct quote?
U.S. citizens pay taxes on their global income. With IB (and I expect other brokers as well), your year end 1099 form will include foreign stock transactions. You just treat them the same as U.S. transactions on Schedule D. If dividends are paid they may be subject to foreign country withholding but this can be claimed on your U.S. return as a tax credit.
Dajin Resources is sold in the U.S. on the OTC Pink Sheets. The ticker is DJIFF. Most brokers can handle an order. One advantage is there's no currency exchange involved as it's priced in U.S. dollars (generally the actual Canadian dollar bid/ask price converted at the current USD/CAD exchange rate). But the trading volume on the pink sheets is low and there may be a lot of slippage. You need to be patient and accept that you might only receive a partial execution. NOTE: Average volume on the pink sheets is 11k shares per day. No trading today. Last quote ~ 9 cents/share, near it's 52 week low.