Anonymous Posted February 25, 2021 Report Share 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. Link to comment Share on other sites More sharing options...
TheTaxSmith Posted February 25, 2021 Report Share Posted February 25, 2021 Hi Anonymous. Open up a business statement. https://www.taxtips.ca/personaltax/investing/taxtreatment/capitalorincome.htm Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.