Thank you for your question!
When day-trading profits do qualify as capital gains, the resulting amount is reported annually with your income tax return.
“When declaring capital gains from any disposition of capital properties, you report these earnings using Schedule 3, which also covers other income sources that may not apply to you,” says Brent Allen, regional director, certified financial planner and financial management adviser with Investors Group in London, Ontario.
Schedule 3 totals all income sources eligible for capital gains and losses, and then takes half this amount for entry on line 12700 of your federal tax return.
Thank you, for further information please contact us by phone or via private message on Twitter or Facebook.
Sign In
Canada (English)
EN
