We found 11 online brokers that are appropriate for Trading Canadian Trading Platform.
Disclaimer: This guide for Canadian trading tax is only to be used as an educational resource and should not be taken as personalized Canadian tax advice. Always consult a tax professional in Canada for your specific trading tax situation.
More and more Canadians are diving into online trading as a way to build retirement savings and grow wealth. But trading also means tax responsibilities, so knowing how taxes affect your trades is essential if you want to maximize returns. Here's a guide to help you navigate trading taxes in Canada.
Type of Tax | Description | Tax Rate |
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Capital Gains Tax | Tax on profits from selling securities held for investment. Only 50% of the capital gain is taxable. | Marginal rate on 50% of gains |
Business Income Tax | Applicable to traders whose activities are classified as a business. Profits are taxed as business income, and losses may be fully deductible against other income. | Full marginal tax rate |
Interest and Investment Income Tax | Tax on interest from investments like bonds, savings accounts, and GICs. Foreign interest and dividends also fall under this category. | Marginal tax rate |
Dividend Income Tax | Tax on eligible and non-eligible dividends from Canadian corporations, with preferential tax treatment through a dividend tax credit. | Marginal rate, adjusted by dividend tax credit |
Be sure to file your income tax return by April 30 of each year to avoid late-filing penalties. For self-employed individuals, the deadline is extended to June 15, but any tax owed is still due by April 30.
The Canada Revenue Agency (CRA) looks at your trading activity to decide if it's more of a business or just a hobby. Here are some key factors they consider:
If you're spending a lot of time researching and analyzing trades, it might be seen as business activity.
Is your main goal to make consistent income or grow wealth? This can indicate business intent.
Frequent, short-term trades (like day trading) often align with business activity from the CRA's perspective.
If trading is your main job rather than a side activity, the CRA may consider it a business.
Using advanced knowledge and skills to make trading decisions leans more towards a business classification.
High trading volume or frequent trading in high-value assets suggests business activity.
While each situation is unique, regular short-term trading is often classified as business income, which is taxed at higher rates. For more official information on hobby vs. business classification, check out the Canada Revenue Agency's guidance on business vs. hobby income.
The Canadian federal income tax system for 2025 operates on a progressive scale, where tax rates increase as taxable income increases. Canadian traders, like other income earners, are subject to these rates on their trading profits and other taxable income.
Note: Tax rates for Canadian traders may vary depending on trading activity, such as capital gains, which may be taxed differently than ordinary income. Always speak to a qualified tax advisor in Canada with experience in working with traders.
Canadian traders should be aware that their capital gains, trading profits, and other income sources are subject to these tax brackets. For capital gains specifically, only 50% of the gain is taxable, which means that Canadian traders benefit from a reduced taxable amount on profitable trades compared to regular income.
This tiered approach makes the Canadian tax system progressive, meaning that individuals with higher taxable incomes, including traders with substantial trading profits, will pay higher tax rates on portions of their income. For more details, visit the CRA's income tax rates page.
This information is directly from the Canadian tax office.
RRSPs (Registered Retirement Savings Plans) and TFSAs (Tax-Free Savings Accounts) offer tax advantages for Canadian investors, though each has limitations for trading taxes in Canada:
Day traders in Canada looking for short-term profits from market moves are often taxed at their full marginal tax rate, as this is considered business income, rather than capital gains.
If your trading income is classified as business income, you can deduct related expenses like software, equipment, and trading fees. You can also offset 100% of trading losses against other income, helping to manage risk and reduce your trading taxes in Canada.
The Canada Revenue Agency (CRA) focuses on the nature of your trading activity rather than specific asset types. This means futures, ETFs, and stocks are generally treated similarly for tax purposes in Canada.
Cryptocurrency tax rules can be complex in Canada, so consulting a tax professional if you're active in crypto trading is a smart move. Heres a quick overview of cryptocurrency-related trading taxes in Canada:
If you're frequently trading or selling cryptocurrency, profits are usually considered taxable income, adding to your overall trading taxes in Canada.
Holding crypto for the long term may be treated as capital gains, depending on the situation and your trading style, potentially lowering your trading taxes in Canada.
Track all your crypto transactions, including prices, fees, exchange rates, and blockchain addresses. Accurate records are crucial for proper tax reporting and managing trading taxes in Canada.
Holding certain investments in RRSPs and TFSAs can help you save on taxes from trading gains and other income. See the section above for more details on how RRSPs and TFSAs function for Canadian traders.
Keeping thorough records of all trading transactions, income, and expenses is essential for accurate tax reporting and managing trading taxes in Canada.
Trading taxes can get complex, especially if you're a high-income earner or have multiple accounts. Consulting a tax professional can help you optimize your strategy and avoid mistakes specific to trading taxes in Canada.
Common mistakes include missing income reports, claiming ineligible expenses, and misclassifying income as capital gains. Staying informed can help you avoid these issues and optimize your trading taxes in Canada.
Tax software designed for traders can make filing easier, especially if you have a high volume of transactions. This is particularly useful for accurately calculating trading taxes in Canada.
Staying on top of tax rules and seeking professional advice can help you manage your tax obligations while maximizing your trading returns. Remember, tax laws change, so staying informed and proactive is key to getting the most out of your trading activities in Canada.
We have conducted extensive research and analysis on over multiple data points on Trading Tax In Canada to present you with a comprehensive guide that can help you find the most suitable Trading Tax In Canada. Below we shortlist what we think are the best Canadian trading platform after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Trading Tax In Canada.
Selecting a reliable and reputable online Canadian Trading Platform trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Canadian Trading Platform more confidently.
Selecting the right online Canadian Trading Platform trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Canadian trading platform trading, it's essential to compare the different options available to you. Our Canadian trading platform brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Canadian trading platform broker that best suits your needs and preferences for Canadian trading platform. Our Canadian trading platform broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Canadian Trading Platform.
Compare Canadian trading platform brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Canadian trading platform broker, it's crucial to compare several factors to choose the right one for your Canadian trading platform needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Canadian trading platform. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Canadian trading platform that accept Canadian trading platform clients.
Broker |
IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Admiral
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 | 1 |
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Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ | 30,000+ |
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Accounts |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader |
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Learn More |
Sign
Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
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Up with admiralmarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR |
You can compare Canadian Trading Platform ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Canadian Trading Platform for 2025 article further below. You can see it now by clicking here
We have listed top Canadian trading platform below.