RE:RE:RE:TaxesA US trading account is new for me too.
I would imagine it is trading as usual, except US $ gains will produce more Can $ at the end because of the rates of exchange.
Once you are done with a stock, the funds are converted into Canadian money and %50 of your gains will go to your income tx report for that year. Same for any losses. Losses has to be filed every year.
I gather so many losses over the years, better not think about it.
I will use my registered losses from previous years if I'm in the green this year.
So, I won't pay any taxes on my gains.
Every morning, I copy my previous day trades to an excel document.
It's clean and always up to date.
And I know exactly where I'm heading. DS