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Joecanada13

04/26/17 8:21 PM

#8231 RE: RisingMT #8183

Essentially as far as CRA is concerned they don't really care how long you hold a stock, If trading is your only source of income, you will be "taxed" 50%. So what smart people do is get themselves another source of income... technically doesn't even have to be real as long as your getting a t4. This way its considered supplementary income. In all honesty though it doesn't matter at our level CRA is not gonna come after you even if you don't have supplementary income.

The only reason traders would hold for a long time, is they can now argue oh look I held this for 6 months to a year so I wasn't living off it.

Also don't forget you can write off losses towards that 25%

So what I'm getting at here is you got nothing to worry about bud. 100 different ways you get around it... and fact is they don't even care. As long as you pay them something and aren't worth 9 figures they are never gonna look twice.

Hope this helps.