Hi, I’m a relative forex newbie looking to go live in Canada. I’ve recently graduated college and haven’t landed a job yet. However, I’ve heard that in Canada forex trading can be claimed as either income (at your marginal tax rate) or capital gains (at half that rate). I was hoping there were other Canadian traders out there who knew if my lack of a job would cause my trading to be considered income or if anyone knew any free/reasonably priced tax resources that could answer this question in Canada.
Thanks for any help!