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tah2255
March 6, 2023
Question

How to report my income as a forex trader to CRA?

  • March 6, 2023
  • 1 reply
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    1 reply

    B
    BrendaW-US
    March 14, 2023

    If you’re a day trader, meaning you actively buy and sell securities within the same day, your profits are fully taxable and should be reported as business income rather than capital gains. Business losses are also fully deductible against other sources of income.

    Please see our TurboTax article: How do I report income made from day trading?

     

     

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