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Tax Implications - Trader Vs Investor, page-39

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plough

33,211 Posts.

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08/07/18

10:11

Post #: 34210419
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Originally posted by plough ↑

I use a program "sharescene" for my shares , it does most of the work for me and the accountant , previously I used excel but with international shares it was a hassle doing the currency conversions as C rates keep changing .
Agree with some of the others best to have two accounts a trading account using separate HIN and an investment account with separate HIN.
However I have been too lazy to separate my accounts out and have just the one .
One advantage of an accountant is they can defer when you have to file your taxes plus to me they tend to legitimize your business practices , so hopefully prevent any audits due to inconsistancies , and are often more aware of tax implications than myself , so I still use them

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sorry the program is sharesight
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