k1l0d3lta

Thanks Palashe for all that info! Funny I watched the same video right after I looked up this thread, and didn't look for the information I was seeking! For now, I am in a similar boat as you. I am fairly new to trading, and am doing it for a couple of hours in the morning before I start my day job. But would like to eventually convert this to my main profession once I get more consistent. Sounds like for now I would just continue to file whatever gains I made as personal income tax, and think of incorporating this as a business. Also, am new to Canada. Just moved here couple of months ago from US, so haven't filed any taxes in Canada yet.

Looking for the same info, would really appreciate if someone can share their experience / thoughts about the above questions. Also, did you have to pick a 'professional' account type when opening an account with your broker if you are trading as a business entity(e.g. IB makes you select account type as 'personal' or 'professional')?