Day Trading TAXES in Canada 2025 - Tax deductions for traders

Tax season is around the corner and as a beginner day trader in 2022 you should be aware of your tax liabilities in Canda. How to file day trading taxes in Canada? Is day trading income considered capital gains or business or self-employment income?
While capital gains are 50% tax free, self employment & business income are 100% taxable.
But you must file your trading income according to CRA rules and definitions:
1. How how much money are you making day trading?
2. Is trading your only income source?
3. How long you hold the securities positions for?
4. How often do you place trading transactions

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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.

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Humbled Trader FAM count: 834,846

[ReneBold]

Forgot a very important number! $7000 !!! That's how much you could save on CPP contribution when incorporated. If you are really serious about trading and making 6 figures you can probably cut yourself loose from the CPP! Investing those $7000 a year will bring you more than what you would receive when you retire.

[animalrave]

Excellent video Shay! As a Canadian Your channel is my favorite on YT. There are many business deductions that day traders are allowed also that regular investors dont have access to also. I got rid of my CPP contributions several years ago also. Sticking that money into your RRSP and assuming your getting a half decent return is better imo if it isnt already maxed out.

[cesarinho]

For the first time I am proud of living in Guatemala, if you withdraw money and send to Guatemala the bank think it's money that you family in USA send it to you and you pay 0% in taxes

[codyganske]

Awesome thanks for doing this and can't wait for part 2!

[DannyBokma]

In the netherlands one does not ( not needed ) pay taxes on trading losses / profits XD. Lucky us!

[lilmissbeats]

thank you for explaining topics, that many of us find really hard to learn about, in such a clear, bright and fun way. Appreciate you, Shay!

[Camille_Boomer]

I really appreciate you making this video. It's very helpful even for those like me who don't day trade (yet).

I also wanted to say that I love the lighting in your room. I mean look at those rim lights!!

[thatguy]

Thanks for this video. Looking forward to part 2.

[kienvo]

Thanks for the great video. Looking forward to the part 2 Humble Lady!

[derekjp]

Def dropped a like. Will always respect your hustle and creations!!

[paulstevenson]

Love the tax bill... " breathing, standing, existing..:"

[RevealtechnologyNet]

LOL.. the guy at 6:24 is Anthony Adams. Former Chicago Bears football player. Goes to my church. Small world :)

[nlienmute]

It’s really helpful. Thank you so much for making this video! Looking forward to part 2 :)

[WilliamusTrades]

Shay, you are appreciated. Part 2 spoiler alert: an important consideration for day trading taxes in Canada is to smash the LIKE button

[traderdave]

As a Canadian, I appreciate this information and look forward to your future videos which will cover this topic further :)

[jimmyjajim]

I started following you recently. Love you bad jokes and thanks to you and some other mates on Youtube, I have made over $100K in last week. But I learn trading for last 6 months without investing in stock. Just in dummy account. Maybe I am lucky or maybe you guys helped me with great tips. Again thanks Shay. Keep shining.

[alatsamy]

I’m in the US, but love watching your video and listening to your “bad jokes!” 😉 See you on the part2 video

[keithsmith]

Thanks for this podcast it was AWESOME❤

[artemroyce]

What if you if have a loss as a daytrader? would it still be business income?

[dunsdonjone]

7:20 Your two examples of "most days I make more than 10 trades" vs "one or two transactions per month" has a pretty large gap in it. What if the person makes just 2 trades per day, then no trades for 2 weeks, then two days in a row with 4-5 trades in each of them (so 8-10 trades over a 2 day period), then another 2-3 weeks without any trades. What would this be considered?