How do the tax laws work with playing the forex market with a US broker and being a Canadian resident?

October 10th, 2009

dodger346 asked:


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?

Free Diet Information

Categories: Canada | Tags: , , | 2 Comments

How do I pay income tax on ForEx earnings?

October 5th, 2009

thalia asked:


This is my first time for paying income tax on ForEx, being a US citizen i believe i have to pay tax on forex income, but i have no clue what do i have to do for that. Thanks for your help.

Caffeinated Content for WordPress

Categories: United States | Tags: , , | No Comments