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

To: Buckey who wrote (2093)	1/24/1999 1:34:00 PM
From: Wizzer	Read Replies (2) \| Respond to of 4467

I believe The Chief mentioned one time that a person does not necessarily need to declare themselves as a Pro trader or Day trader as a job. Apparently the tax advantage is not that great, and income is taxed at a higher rate than capital gains. The trade off of being able to write off certain things like computers, subscriptions, internet, etc... is not as advantageous as it sounds. A person would have to register a business to claim these things. I personally will be claiming capital gains, not income. Regards, Wisam