u/Normalcyes

▲ 2 r/cantax

Is this considered capital gains or business income?

I have 200+ T5008 slips on my CRA account this year, but a lot of them are from sales of CASH.TO which I basically use as my high interest savings account. I buy shares of CASH.TO whenever I have excess cash and sell shares whenever I need to pay for an expense or want to buy a stock etc.

I do have a decent amount of capital gains this year but these are from actual stocks I sold. These stocks weren't day traded, most were held for a while before selling.

The actual capital gains from CASH.TO are obviously very minimal.

I don't think this would be considered business income but I am concerned that 200+ T5008 slips on my CRA account will trigger an audit

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u/Normalcyes — 22 hours ago