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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: AriKirA who wrote (1097)11/6/1998 2:41:00 PM
From: the Chief  Respond to of 4467
 
Careful! If you claim it as revenue income or even as a full time job then you will pay personal income tax rates which are higher than Capital gains tax!

I fix lawnmowers as a primary job! It tends to be very very very slow when you never tell anyone or advertise...but thats my JOB! You are allowed 3-5 years of a poor job before RC gets on your case!!

i haven't gone to your URL yet, so I may regret not reading it first, its just that I'm quiting for the day, and am sick and tired of reading and reading and reading !!!

See you Monday, have a good weekend

the Chief



To: AriKirA who wrote (1097)11/6/1998 3:40:00 PM
From: chris  Read Replies (1) | Respond to of 4467
 
From what you are saying, if someone had large capital losses this year, and also generated revenue from a day joy(other than day-trading) it would be a good idea to claim capital losses as income losses to rev. can. thereby reducing taxable income. Do you not have to register yourself as a business of some kind first? thanks,chris.


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