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Strategies & Market Trends : Beat The Street With SI Traders -- Ignore unavailable to you. Want to Upgrade?

To: howestreetbull who wrote (156837)	12/2/2014 1:54:18 PM
From: ralfph	1 Recommendation Recommended By heinz44 Read Replies (1) \| Respond to of 233843

Taxman is making a mistake with this one. If your trading is a "Business" Then you get to write off all sorts of stuff. Computers, phone lines, some travel expenses, heat , electrical , clothing, pretty soon you have clawed most of it back . Mind you a TFSA is charged no taxes - so anything you pay would mean a profit for the tax man. Speaking of which they still owe me 6 grand from last year. I am under instructions from the tax department to "phone them weekly" I declared a loss and some twit decided it was a profit. 10 minutes with a calculator and my spreadsheets would have cleared that mess up 10 months ago.