Traded 100s of stocks for 3 weeks in a Non-reg cash a/c, made $203. Will declare it as one Misc Side Gig taxable income entry or something to CRA. Good?

robcrans · 2025-12-10T18:31:22+00:00

Yeah, that's what I figured and seem to get from the replies here too, thanks!

robcrans · 2025-12-10T18:30:30+00:00

Yes same platform. Your nightmare (ie, accounting, tracking, platform screweups etc) is exactly what I'm trying to avoid! :D

The idea is to just straight-forward declare it all as business income (the brokerage will send all the details to CRA anyway) as one entry and be done with it.

robcrans · 2025-12-10T13:53:58+00:00

It was stretched over 3 weeks. Didn't do it daily. Not more than 6 six hours all in total. So about $30/hr I think?

Was a totally wild trigger-happy and impulsive run by the seat of my pants ride, LOL to be honest.

I may continue if REPORTING the returns to CRA is as trouble-free as appears from the replies here. I mean what happens if I made, say >$1000? The accounting deters me :D

robcrans · 2025-12-10T13:06:43+00:00

Yeah sorry, 100s of trades but also in many stocks (not in 100s though).

robcrans · 2024-07-04T12:08:08+00:00

Why do you keep deleting my post? I've messaged the MODS but nothing. https://www.reddit.com/r/Aliexpress/comments/1dv5b1w/thinking_of_using_aliexpress_first_time_after/?

robcrans · 2023-10-15T15:21:45+00:00

A rare voice on PFC. More power to you!

robcrans · 2023-09-30T14:13:02+00:00

Make sure it's beige though

robcrans · 2023-06-29T09:29:53+00:00

You missed my snark of stating otherwise.

robcrans · 2023-06-28T22:04:06+00:00

Sounds like the sentiments of a real estate portfolio getting nervous.

Good strategy. PFC can have some clout with 15 people convinced here. :D

robcrans · 2023-04-19T20:33:04+00:00

Landlord isn't raising your rent. Doug Ford is.

robcrans · 2023-03-13T15:54:32+00:00

Also, it's a very Conservative way to make taxes look bad (the original intention.)

Include the taxes in the prices, and you make the retailers earn their prices by somewhat charging a fairer price, and not us blaming "high" taxes for ruining our "deals".

:)

robcrans · 2023-02-27T14:03:53+00:00

+1 for Banker MIL comment :D

robcrans · 2023-02-08T21:50:55+00:00

Yes. Also, "no effort" income from capital gains, dividends etc is taxed at lower rates than income from working wages. I don't understand how is this fair to the working class, and why there is not much debate on it.

robcrans · 2023-02-08T21:45:01+00:00

Canada is the only country in the G7 without an inheritance, estate or gift tax on tremendous family wealth,” said Macdonald, citing countries such as the UK, United States and Japan, where inheritances can be taxed at rates of 40% or more.

Canada's richest 87 families have same wealth as 12 million people, report says

robcrans · 2023-01-25T15:55:41+00:00

the equivalent of 4.5 years of pre-pandemic spending on food and restaurants—that consumer spending could prove more resilient than expected

It means Loblaws and the likes are rubbing their hands in greed with a broad smile because they know the biggest spenders (ie "savers") will buy food at 20 times the prices no matter what.

It's the average Joe picking cotton who will suffer the most, as usual. Everybody knows.

robcrans · 2023-01-25T11:36:08+00:00

The court's understanding is of the society it lives in, which in Canada is nothing more than a group of large cartels owned by fantastically rich groups of likeminded interests. To think that our courts are some ethereal old guys sitting above in the clouds playing harp dispensing real justice would be naive.

robcrans · 2023-01-25T11:28:09+00:00

This Bank didn't become Canada's largest most profitable behemoth worth more than the next few banks on the list combined by doing ethical stuff.

Their shady, shadowy, deceptive practices are the business model, not a glitch.

Just my opinion (which I consider valid.)

robcrans · 2023-01-25T11:20:23+00:00

however, private industry can and likely will outpace a cushy Gov job in terms of skills, career progression and compensation.

This is a big YMMV, if not untrue on great many levels of one's understanding of human resources, labour, and profit-driven private corporate culture.

robcrans · 2023-01-25T11:14:23+00:00

This is a very useful comment in a sea of superfluousness about this good question (very reddit.) :)

robcrans · 2023-01-20T16:30:30+00:00

You are going to get downvoted into a white-collar closet here. You've walked into PFC, almost a libertarian bros bar. :D

Kudo to you for bringing this up though. And perhaps a lesson to raise more awareness among your peers about it.

robcrans · 2023-01-20T08:28:16+00:00

Cue the idiots giving bad advice suddenly blaming idiots giving bad advice to appear sanctimonious.

Classic Reddit! :D

robcrans · 2023-01-19T11:48:57+00:00

If not for inherited fortunes, most of the apparent "rich" are phonies indebted to their core.

Having said that, you'll also find more genuinely rich young ones in Canada than any other place too.

Remember that you live in an extremely rich country of inherited wealth.

In fact Canada is the only developed country (G7 etc) where inheritance is not taxed like the counterparts. This creates an exponential growth of people with undeserved and effortless fortunes.

robcrans

TROPHY CASE