You will report your income under the T2125- as a business income. In the Business section you will be able to enter your profit or losses. If its a negative it will reduce other source of income. This will be found under Income-self-employed.
Just like with any other business, you need to have receipts for all the items you declare on your tax returns. The CRA will not accept these kinds of deductions without receipts.
Deductions can include anything from taking stock market trading courses to educational resources, the purchase of a computer, and your monthly internet bill.
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