Do I report my capital gains from my Forex account?
Hi,
I live in Canada and I have a Forex broker (for trading currency) in Australia and I had gains (about 0) last year from a few trades. My question is am I suppose to report these on my tax return?
When I opened my broker account the only thing they asked me provide was my ID and address no SIN number or tax identification number so I’m just wondering.
Extra tags:
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Tagged with: Australia • broker • broker account • Canada • currency • forex broker • Forex Questions • number • tax • tax identification number • tax return • trading
Filed under: Forex Brokers
Forex trade income is business income, reportable on line 130 of your T1 return.
You are taxed as a Canadian resident on your world income.
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