l received a lot of forex signals daily. When l try to unsubscribe, a yahoo confirmation notice page appears in my email. Now, what am l suppose to do in order to unsubscribe. l cant find anything in the notice to help me to turn off this forex signals.

Thanks

Answer
Just mark it as SPAM. Need not to unsubscribe, or you will invite even more just junk mails.

How do the tax laws work with playing the forex market with a US broker and being a Canadian resident?

I currently dabble in the forex market and using a US broker. How will I be taxed on my earnings, and what happeneds if I lose money that year, is it a capital loss? HOw does this work in regards to canadian tax laws with the broker being in the US?

Answer
Your tax reporting for dealing with a US broker is the same as dealing with a cdn broker in that the income reporting and transactions should be translated in Cdn $.

Regarding your quesion whether your loss should be a capital loss depends on whether your "playing" in the fx market constiute an investment or a business. There are no provisions in the Act which specify whether a foreign exchange gain or loss is on account of income or capital. An investment is generally in a situation of buy and hold, while a business is in a situation when you are knowledgeable and maybe with insider information, lots of daily time spent and numerous buys and sells during the day or week, etc.

Please see the CRAâs IT-95R âForeign Exchange Gains and Lossesâ. http://www.cra-arc.gc.ca/E/pub/tp/it95r/it95r-e.txt