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Canada and Tax Implications

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  • fxloot
    Yes.............Don't report it

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  • t_willy
    started a topic Canada and Tax Implications

    Canada and Tax Implications

    Similar the UK tax thread, I'd like to see what knowledge there is out there regarding Canadian tax code and FX and some of the intricacies around being able to write off the signal/VPS fees etc. I'd also be interested in getting in direct contact with any other Canadian subs out there to further discuss and perhaps create a country-specific group on some platform so please PM me if interested.

    I've been involved in FX for a couple of years so have gone through 2 tax years of reporting my personal trades in Canada (Ontario). I was advised by 2 separate large accounting firms to report on a per-trade basis as a capital gain/loss. Has anybody been advised or done differently?