You could claim your loss under the instructions below:
Please view our TurboTax articles for more information:
How to Calculate Capital Gains When Day Trading in Canada
Where do I report capital gains or losses in TurboTax Online?
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I have run into the same situation, day trading is considered business activity. As much as I have been able to gather, the T5008 should not be filled in but used to calculate business income(losses) from day trading.
On the T2125, if I report income (sale of investments) and expenses (purchase of investments) it calculates the loss correctly. Problem - now a warning stating CRA wants me to register for GST since the Gross Income (sale of investments) exceeded $30,000.
What is the correct way to fill in the T2125 to report day trading losses?
Thx!
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