Is stock trading considered capital gain or business income?

Why do some people have to pay taxes for stock trading in their RRSP accounts? Why do some people also have to pay fines for making money in their TSFA tax-free accounts? What about tax-free accounts? Why is it so confusing? Should the difference between buying and selling stocks be 50% of capital gain that is included in income or 100% of business income that needs to be taxed?

 

Related articles

  • What is the most appropriate way to buy a car in the name of the company? Buy with a loan or with full payment?

    Marketing cwcga
    We have previously published content about whether it is better to buy an investment property in the name of an individual or a company. Each has its pros and cons. The key lies in why you buy and how you buy it.


    The same applies to buying a car. Don’t think that you should spend as much as possible just to save taxes. In fact, suitability is the most important thing, because often the savings from spending necessary money will be much more than the taxes you pay.

  • Employer Health Tax (EHT Return)

    Marketing cwcga
    In today's video, Jinni explains what you need to pay attention to when it comes to Employer Health Tax (EHT Return) in Canada.

  • 2019 personal tax filing tips

    Marketing cwcga
    This video is designed for small families with children who pay for their children's daycare. If one of your family members has a high income and is in school or the low income member cannot take care of the child for other reasons,  Please be sure to check the T776 form to see if you, as the high-income spouse, can deduct the child's DAYCARE expenses and enjoy a special child care benefit in Ontario this year. The amount is considerable, so don't ignore it!
Back to Personal tax refund
Go to full site