Saturday, 20 August 2011
Your Questions About What Is The Forex Market
Susan asks…How do the tax laws work with playing the forex market with a US broker and being a Canadian resident?I currently dabble in the forex market and using a US broker. How will I be taxed on my earnings, and what happeneds if I lose money that year, is it a capital loss? HOw does this work in regards to canadian tax laws with the broker being in the US?admin answers:Your tax reporting for dealing with a US broker is the same as dealing with a cdn broker in that the income reporting
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