Is capital gain tax on forex trades executed with a cdn dealer due in Canada?And with a foreign dealer?


Posted February 13th, 2009 by admin 1 Comment »
forex
Ivaylo Y asked:


I am interested in trading forex but don’t know if capital gain tax is due in Canada on such trades? And what if I use a US based broker? I saw that some brokers are based in Swiss and other places and accounts open with them are capital tax exempt. Does anyone know more about it? Thanks.

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Posted in Canada | 1 Comment »

How do the tax laws work with playing the forex market with a US broker and being a Canadian resident?


Posted January 23rd, 2009 by admin 2 Comments »
forex
dodger346 asked:


I currently dabble in the forex market and using a US broker. How will I be taxed on my earnings, and what happeneds if I lose money that year, is it a capital loss? HOw does this work in regards to canadian tax laws with the broker being in the US?

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Posted in Canada | 2 Comments »