"If a trader is trading forex for personal purposes, such as to supplement their income or as a hobby, any profits earned from forex trading will be considered capital gains. Capital gains are taxed at 50% of the individual’s marginal tax rate. This means that if an individual’s marginal tax rate is 30%, they will only pay tax on 50% of their capital gains.
However, if a trader is trading forex as a business, any profits earned will be considered business income. Business income is taxed at the individual’s marginal tax rate. This means that if an individual’s marginal tax rate is 30%, they will pay tax on 100% of their business income.
To determine whether forex trading income is considered capital gains or business income, the CRA looks at a number of factors. These factors include the frequency and duration of the trading activity, whether the trader has a separate office or workspace for their trading activities, and whether the trader has a business plan or strategy for their trading activities.
It is important for traders to keep detailed records of their trading activities, including profits and losses, to accurately report their income to the CRA. Traders should also consult with a tax professional to ensure they are following all tax rules and regulations.
In addition to income tax, forex traders may also be subject to other taxes, such as the goods and services tax (GST) or the harmonized sales tax (HST). Traders who earn more than $30,000 in a year from their forex trading activities may be required to register for and collect GST or HST.
Forex traders should also be aware of the foreign income verification statement (T1135) that must be filed with the CRA if they have foreign assets with a total cost of more than $100,000 CAD. This includes any foreign currency or forex accounts held outside of Canada."
(https://www.forex.academy/how-does-inco ... in-canada/)
Statistics: Posted by JohnnyRy — Tue May 21, 2024 10:44 am — Replies 3 — Views 88
]]>
Here is new version with candles, alerts, arrows and button.
Also bands are added. There are some method to calculate bands ( ATR, stDev ) and band are possible add for MA or super trend.
Also I update new methods for calculating ST ( custom ATR, onbuild ATR, EMA deviation or Coefficient of Variation ).
Periodic (Weighted) MAAlso bands are added. There are some method to calculate bands ( ATR, stDev ) and band are possible add for MA or super trend.
Also I update new methods for calculating ST ( custom ATR, onbuild ATR, EMA deviation or Coefficient of Variation ).
Custom ATR
seems best
Statistics: Posted by WOLF — Tue May 21, 2024 10:07 am — Replies 446 — Views 217445
]]>
live now
Statistics: Posted by Banzai — Tue May 21, 2024 9:03 am — Replies 83 — Views 17745
]]>
KeltnerChannel_v2.mq4Downloaded 5 times 5.74 KiB
StandardDeviationChannel.mq4Downloaded 8 times 12.76 KiB
S&Rmtf_TLB_BT.mq4Downloaded 6 times 58.19 KiB
[MTFOsc]Candlestick chart.mq4Downloaded 4 times 21.08 KiB
Candlestick chart mod.mq4Downloaded 6 times 31.8 KiB
Candlestick chart mod 2.mq4Downloaded 7 times 87.86 KiB
Statistics: Posted by dmnik — Tue May 21, 2024 8:10 am — Replies 3891 — Views 1134331
]]>
Statistics: Posted by JohnnyRy — Tue May 21, 2024 7:51 am — Replies 232 — Views 9058
]]>
Statistics: Posted by JohnnyRy — Tue May 21, 2024 7:38 am — Replies 4 — Views 372
]]>
Statistics: Posted by Banzai — Tue May 21, 2024 7:36 am — Replies 333 — Views 33659
]]>
Statistics: Posted by Banzai — Tue May 21, 2024 7:29 am — Replies 1553 — Views 175270
]]>
If it helps you, here is the dollar index D1... only two signals. Arrows need settings
that is wery good.excellent.it is algo easy or complicated.?
i liked too much.
i think weekly chart not reach up point.
Statistics: Posted by guner — Tue May 21, 2024 7:24 am — Replies 1226 — Views 94855
]]>
Statistics: Posted by BeatlemaniaSA — Tue May 21, 2024 7:18 am — Replies 4141 — Views 1116976
]]>
RSI OverBought OverSold Signals
coder: Mr. Tools
date: June 11, 2021
In this version, you can change the arrow codes to any WingDings code.
If you see a green dot, get ready.
Go long when you see a green arrow.
Also in this version, you can choose to display green up arrows only,
or red down arrows only.
(on/off button)RSI Ob Os (up arrows + alerts) BT.mq4Downloaded 8 times 15.18 KiBcoder: Mr. Tools
date: June 11, 2021
In this version, you can change the arrow codes to any WingDings code.
If you see a green dot, get ready.
Go long when you see a green arrow.
Also in this version, you can choose to display green up arrows only,
or red down arrows only.
RSI Ob Os (down arrows + alerts) BT.mq4Downloaded 8 times 15.29 KiB
Statistics: Posted by Banzai — Tue May 21, 2024 5:55 am — Replies 2813 — Views 1353072
]]>
XY.zipDownloaded 27 times 366.34 KiB
Statistics: Posted by WOLF — Tue May 21, 2024 5:10 am — Replies 629 — Views 368652
]]>
Here is XU v015-Setup for everyone's perusal.
Xard777
Hello everyone.Xard777
The package is missing one indicator. Therefore, after uploading the template, there is one inactive element. from News reader.
All you need to do is add XU-v015 to the folder, add an indicator to the chart and save the template again.
The XU-v015 version is great, thank you very much XARD
best regards
stond
XARD: OOps! My Bad, that was me having a senior moment. Thanks stond for the update.
News reader.ex4Downloaded 30 times 103.15 KiB
Statistics: Posted by stond — Tue May 21, 2024 4:13 am — Replies 15265 — Views 3829821
]]>
Hi everyone, what kind of moving average is this, It seems like hull moving average but not certain though
Its 2 hma(many variants) or t3 Or red k cora wave
Statistics: Posted by WOLF — Tue May 21, 2024 1:49 am — Replies 1549 — Views 507605
]]>
"?feature=share
Tradingview has oscillators made from cot dataLike this one
Statistics: Posted by WOLF — Tue May 21, 2024 1:19 am — Replies 702 — Views 61601
]]>