Canadian Taxes on Equities? Will they consider trading as business income or capital

[Kassz007]

Quote from fanews:

Isn't this suppose to 'elite' traders.

Only newbie trader or hobby investor trader would ask such a question.

Elite Trader: A website for paper traders, wannabee traders, teen traders, retired pensoner trader, and homebased traders or known as locals.

Why blast the guy for asking a question? He got plenty of useful answers, so it was smart of him to ask.

By definition (YOUR definition), since you are posting on ET, you must fall into one of the categories above, no?

 

[Ghost of Cutten]

Quote from daytrade:

you may get away with writing off 10 percent of your mortgage by saying you use that much of your house for the buisness, ie : office.

If you do that, you may find yourself paying capital gains tax on the 'business' portion when you come to sell.