Taxes on day trading canada
Canada’s taxes for day trading are relatively straightforward. You can either declare your profits as capital gains or as business income to the Canada Revenue Agency (CRA). Each status has very different tax implications. Day Trading For Canadians For Dummies Cheat Sheet. Unlike other types of stock trading and investing, day trading involves holding securities for only one day. Day trading is risky and it can be stressful, especially if you’re not prepared. You maintain sufficient trading volume — at least four trades per day, 15 per week or 60 per month. You earn a substantial amount of your income from trading. You trade on a regular and recurring basis. You execute a trade on at least 75% of available trading days during the year.