I should also add that you are not required to designate any one...

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    I should also add that you are not required to designate any one lot as the source of the sales. For instance, if you have 9,000 shares that were bought as 3,000 @ 1c, 3,000 @ 2c and 3,000 @ 8c and you then sell 2,000, there is nothing stopping you designating that 1,000 comes from the 1c lot and 1,000 comes from the 8c lot, if that makes sense for you tax wise.

    You must, however, keep good records to be able to show that this is what you have done if audited. It will also make your record keeping a lot more complex, but the choice is yours.
 
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