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These gains don't cause pain. A capital gain is the amount of money you pocket by selling one of your investments for more than you paid for it. Technically, capital gains only count for what's called a capital asset, but that's really just anything you own for investment purposes. Stocks and bonds obviously qualify, but your house and household furnishings can also count.
For tax purposes, capital gains are classified as either long-term (held for more than one year) or short-term (held for less than one year) and there are different tax implications for how long you hold onto a capital asset. For most long-term capital gains, you're taxed no more than 15% of the value of the asset. Short-term gains get taxed as regular income, so you pay the rate for the tax bracket you're in.
Capital gains can also be realized or unrealized. When you physically sell an asset like a stock, you've realized the capital gain. When you're holding the stock, and it has a value over its purchase price, but you're not selling it, you've got an unrealized gain, and you won't realize it until you sell.
In a perfect world, we'd all have capital gains. But no one¿s that smart or lucky. When the value of an asset at sale is below what you've paid for it, it's called a capital loss. The good news is that the government lets you count that loss against any gains you've had, lowering the taxes you pay. In fact, many people who sell a stock that has risen far over their purchase price tend to sell some stinkers, too, at the same time for the tax benefit. This is known as a capital-loss offset.
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Tuesday, July 22, 2008
Pacific Ridge Exploration Ltd. Retains Financial Public Relations Counsel
Comtex
VANCOUVER, BRITISH COLUMBIA, Jul 22, 2008 (Marketwire via COMTEX) ----Pacific Ridge Exploration Ltd. (TSX VENTURE:PEX) (the "Company") reports an agreement to retain G2 Consultants Corporation of Vancouver, B.C., to provide financial public relations services. G2 Consultants will assist the Company in expanding its profile and conveying the Company's key messages to the investment community beyond the Company's existing investor base in North America.
Under the terms of the agreement, the Company has retained G2 Consultants for a twelve-month period effective June 15, 2008 and expiring June 14, 2009, subject to a 30-day termination notice. G2 Consultants will be paid $8,000 per month plus approved expenses for selected services. Barry D. Russell, principal of G2 Consultants Corporation and Pacific Ridge Exploration Ltd. are at arm's length. The agreement is subject to TSX-V Exchange approval.
About G2 Consultants Corporation:
Based in Vancouver, B.C., G2 Consultants is a full-service consulting firm that assists public companies in achieving their marketplace objectives. G2 provides its clients with a comprehensive suite of services, including: strategic consulting, corporate communications, administration, creative and design services.
John S. Brock, President
Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Such statements may be identified in this release by the use of words such as "plans", "will" and "expects" and "may" as well as the use of the future or conditional tense. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Pacific Ridge Exploration Ltd.
Pacific Ridge Exploration Ltd. - Corporate Information John S. Brock President (604) 687-4951 (604) 688-4670 (FAX) Website: www.pacificridgeexploration.com G2 Consultants Corporation Investor Inquiries NA Toll Free: 1-866-742-9990 or (604) 742-9990 (604) 742-9991 (FAX) Email: info@g2consultants.com
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