Taxes on forex trading canada queen


Taxes on forex trading canada queen


The temptation to have profits on securities transactions taxed as capital gains, rather than as business income (which is 100% taxable), is too great for some taxpayers to resist—even if they are clearly running a securities trading business.Take this recent tax case involving Tony Wong (Wong v The Queen, 2013 TCC 130), which was decided in late April 2013. Wong was reassessed for the 2003 through 2008 taxation years, and the only issue in question taxea whether his gains and aueen from selling securities were on account of income or capital.Wong is a licensed real estate and insurance broker in Ontario who has traded securities since 1988.

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Queen trading canada taxes on forex

Taxes on forex trading canada queen

Queen trading canada taxes on forex



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