Anonymous Posted February 25, 2021 Report Posted February 25, 2021 How do I report this 1000 plus trades in U file for business income purposes? I know I can't use them as Capital Gains or use T5008 to fill them individually, so do I need to open a self employed business income tab, and then fill in total summary purchases and total sales? Or is there another way to treat day trading income as Business Income within the 5008 form in the U file software.
TheTaxSmith Posted February 25, 2021 Report Posted February 25, 2021 Hi Anonymous. Open up a business statement. https://www.taxtips.ca/personaltax/investing/taxtreatment/capitalorincome.htm
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