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posted Apr 29, 2022 11:01:51 PM

If I bought and sold shares of a company during the same year and my income was all in payslips, do I have to indicate that I was business owner?

I worked for the company, therefore I was receiving an income from the company.

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1 Replies
Level 4
May 2, 2022 12:32:25 PM

According to the Canada Revenue Agency (CRA), Buying and selling shares is considered a transaction of capital property - and so, it is seen to be reported as a capital gain/loss. Your income would still be reported through the T-Slips sections. So, the two would be reported separately in their own categories.

For more information, check out: Canada Revenue Agency (CRA) - Capital Gain/Loss

 

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