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Message: Re: Federal Budget: Possible Elimination of Capital Gains Tax...

No Hog, I'll try to explain my question better. Kherson had given an example of the future capital gain scenario (this is a clip from his post):

Here is an example of how I think people could play this. Say I buy SLI stock now at $2.11 and hold on to it until it goes to $4.00. I decide to sell and take my profits and re-invest into something that pays a dividend. Now I also get the dividend tax credit on my dividends...

If the new rules allowed you to do this, I was asking how long after I sold the SLI, would I have to reinvest my money into this new investment, before I could then pull it out, and be tax exempt from the original SLI sale? (Assuming these new changes might go through?)

Not sure if that gets across what I meant?


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