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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: Shaw who wrote (48563)3/22/2001 12:53:25 AM
From: stoxguru  Read Replies (3) of 62347
 
Can someone help me on a tax question - I was wondering if daytraders have to file their income or loss as business income or can they file and the profits are considered capital gains. I don't know as much on this topic and i filed a form T123 last year to declare that all property that i dispose of was capital property. Last year, they let me go under capital gains but this year, i have done a lot of daytrading transactions and am worried that they could tax it as business income.

Thanks for all your help.
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