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Discussion Starter #1
hey there.

anybody out there know anything about investment clubs? my spouse is the treasurer for an invetment club (5 people) and is having a hard time figuring out exactly how they go about claiming the capital gains from last taxation year.

any tips would be appreciated.

thanks
 

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CRA has a couple of bulletins on the subject - IC73-13 and IC73-13SR, but from a quick glance I think you need to be an accountant to understand them.
 

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Depending on how you have it structured, it can get pretty messy. I had stared an investment club about 2 years ago we had an accountant in the group so she did the taxes. If you have sufficient funds I suggest speaking with an accountant.
 
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