RE:Warning: Short-sellers and Day Trader will be treated asIf they tax trading gains they will be forced to calc losses as costs of business. . Most traders lose in the long run, I know a few who have blown up their tfsa, no doubt the losses in retail trading will always be monumentally higher then retail trading gains. Therefore net loss to the cra , or, a class action. Lose lose. My view(who's asking)? Trade away.
adamchess wrote: pros and business income by CRA. This will likely apply to all their investment gains going forward even though they were assessed as capital gains to the individual in the past. CRA can easily find frequent traders in broker accounts through audit techniques. Take care. Don't use your TFSA or RRSP as trading account.
https://www.advisor.ca/news/industry-news/when-trading-profits-are-income-119954