GREY:XEBEQ - Post by User
Comment by
savyinvestor333on Aug 25, 2021 3:30pm
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Post# 33762247
RE:RE:RE:RE:RE:RE:Thank you XBC
RE:RE:RE:RE:RE:RE:Thank you XBCAlso the brokerages are terrible at keeping your costs basis correct. I don't know how many times there number is wrong and at the point that I only use my numbers for ave cost base. and book value.
savyinvestor333 wrote: Yes as I meant that he has alot of work to do for the CRA. He has to do it and if he is like me with multiple brokerage accounts I can tell you it is alot of paerwork getting the ave cost base when doing multiples of buying and selling My accountant keeps warning me that if could be classified as a business and that gains would be classified as income not capital gains.
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Newtrader1982 wrote:
cra doesn't have to do anything your trading platform keeps track of it all and you responsible for reporting it at the end of the year. Cra could care less if you robbed a bank or sold crack all year as long as you pay your taxes on your income.