Accountant in Toronto Canada

apo99 said:
My accountant told me not to declare myself as a trader since i have a full time job. CRA is very grey when it comes to this
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If you start making more trading than as an employee they might take another look. Best thing is a good paper trail of earnings and expenses.
 
deaddog said:
If you start making more trading than as an employee they might take another look. Best thing is a good paper trail of earnings and expenses.
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Did you classify your status as a trader to the cra?
 
No; So far I'm claiming Cap gains. It is to my advantage slightly. If I elect to claim gains as income then I can write of expenses so it is pretty well a wash.
 
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