Thanks for the warm welcome guys.

Admin, that interactivebrokers.com looks amazing ! Couldn't believe the low commission rates. Unfortunately, I've opened an account with e-trade Canada. Hmm... Maybe I'll use etrade for mutual funds and open with interactive as well.

Can you (or some other Canadian) give me some info regarding the withholding tax on US stocks ? I understand that it's 15% but is it taken out of your capital gains based on one buy/sell transaction ? If so, what happens to capital losses ?

Ken.