Comments on: How to report profit/loss incurred from Currency Trading on Canadian Income Tax. Its not Capital gain or loss? http://forexquestions.org/forex/how-to-report-profitloss-incurred-from-currency-trading-on-canadian-income-tax-its-not-capital-gain-or-loss Answers to all your Forex questions. Fri, 10 Sep 2010 22:33:54 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: badhat537 http://forexquestions.org/forex/how-to-report-profitloss-incurred-from-currency-trading-on-canadian-income-tax-its-not-capital-gain-or-loss/comment-page-1#comment-377 badhat537 Wed, 31 Dec 2008 10:02:36 +0000 http://forexquestions.org/forex/how-to-report-profitloss-incurred-from-currency-trading-on-canadian-income-tax-its-not-capital-gain-or-loss#comment-377 These are the things you should know BEFORE you trade currency. One of the trickiest investments around, recommended only for accredited investors. Part commodity, part equity, part global hedge fund. These are the things you should know BEFORE you trade currency. One of the trickiest investments around, recommended only for accredited investors. Part commodity, part equity, part global hedge fund.

]]> By: neoplop http://forexquestions.org/forex/how-to-report-profitloss-incurred-from-currency-trading-on-canadian-income-tax-its-not-capital-gain-or-loss/comment-page-1#comment-376 neoplop Tue, 30 Dec 2008 01:29:22 +0000 http://forexquestions.org/forex/how-to-report-profitloss-incurred-from-currency-trading-on-canadian-income-tax-its-not-capital-gain-or-loss#comment-376 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. 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.

]]> By: quizzard123 http://forexquestions.org/forex/how-to-report-profitloss-incurred-from-currency-trading-on-canadian-income-tax-its-not-capital-gain-or-loss/comment-page-1#comment-375 quizzard123 Sun, 28 Dec 2008 21:07:47 +0000 http://forexquestions.org/forex/how-to-report-profitloss-incurred-from-currency-trading-on-canadian-income-tax-its-not-capital-gain-or-loss#comment-375 No, you're right, it's not a capital gain or loss, it's Other Income. Fully taxable. No, you’re right, it’s not a capital gain or loss, it’s Other Income. Fully taxable.

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