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Currencies Trading Income - What Tax due

Posted 25 January 2016 under Tax Questions

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Ernest says:
25 January 2016 at 5:51

If I trade forex currencies with a broker, for a income every month, what type of tax do I pay?

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TaxTimTaxTim says:
25 January 2016 at 9:01

You would still pay normal income tax based on the same tables as a salaried employee.


Ernest says:
25 January 2016 at 9:35

Very helpful thanks for your input,
thought it falls under provincial tax.


TaxTimTaxTim says:
25 January 2016 at 9:40

You would still need to register as a Provisional Taxpayer which you would need to do - please read our article on What is Provisional Tax? How and when?


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