Capital gains on forex trading blog


Capital gains on forex trading blog


But then, it hits you. What about taxes. The forex tax code can be confusing at first. By default, all forex contracts are subject to the ordinary gain or loss treatment. Asyou know, the difference between income tax and capital gain tax issubstantial. Income tax is taxed at your marginal tax rate. Whereascapital gain tax is a generous half of your marginal forfx rate. Thatworks out to a 10% to 20% difference. Taxes in Canada is generallysimple to do.

The problem though, is sifting through the cacophony ofinformation within the Canada Revenue Agency to find out the applicablerules. Basically,forex trading can be treated as either income or capital gain tax inCanada (surprise).




Capital gains on forex trading blog

Capital gains on forex trading blog

Gains capital blog forex on trading



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