Hello All,
I am moving to Canada (FSW14 Programme) in July.
At the moment I do alot of share and option trading (on US Equities) and from my understanding due to nature & frequency of transactions (10 a day) I would be considered as a day trade and therefore a business and therefore pay tax as if my gains were income.
As such do I need to register as a business (in order to off set the cost of subscriptions, losses, purchase of equipment etc). Of is this just done on the tax declaration forms.
Kind Regards
Ali
I am moving to Canada (FSW14 Programme) in July.
At the moment I do alot of share and option trading (on US Equities) and from my understanding due to nature & frequency of transactions (10 a day) I would be considered as a day trade and therefore a business and therefore pay tax as if my gains were income.
As such do I need to register as a business (in order to off set the cost of subscriptions, losses, purchase of equipment etc). Of is this just done on the tax declaration forms.
Kind Regards
Ali