"In Canada, it matters not what name is on the slip because the only criteria is, whos funds are invested? Whoever put the money up is the one who must claim the gain/loss."

.... unless it is a spousal contribution for an RSP trading account whereby the person making the spousal contribution gets to deduct said contribution from their taxes while the recipient gets to....claim no gains or losses as it's an RSP. Many don't fully see the advantage of an RSP trading account as they feel that they pay when it is drawn upon anyway. The point is that you can keep trading on your RSP for years tax free as long as you don't withdraw the funds. You can buy and sell as many times as you like without having to pay the tax man every year. If you are a good investor/trader, you'll have to pay taxes some day.....but I won't mind paying on my 20 mil that the gov't wasn't able to touch, as opposed to my 5 mil that should have been 20 mil except that the tax man kept seizing my leverage every year that would have allowed me to earn the 20. Let's see.... half of 5 or half of 20, which one do I prefer?