currency trading tax reporting
How to report profit/loss incurred from Currency Trading on Canadian Income Tax. Its not Capital gain or loss?
Hi,
How to report profit or loss incurred from Currency Trading on Canadian IncomeTax Return. It doesn’t fall inot Capital gain or loss Category.
Please help
Line 130 of your T1. if it’s strictly currency trading i.e. speculation on the exchange rate itself.
If the currency gain or loss is associated with a stock transaction (i.e. buying a stock in a foreign currency account, then selling it) then the currency gain/loss is part of the capital gain/loss.
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