We found 11 online brokers that are appropriate for Trading Canadian Trading Platform.
An increasing number of Canadians are trading online every day managing their retirement portfolio. When you sell a security and earn a profit, you make a capital gain. For several Canadians, the tax on capital gains is calculated by multiplying any profit with that Canadian years tax rate.
In a 1984, revised billeting authorized 'Transactions in Securities'. The Canada Revenue Agency (known as the CRA) highlighted the factors that they take into consideration when deciding whether trading activity constitutes as a business income. They are as follows:
Even though the CRA analyses every case personally, if you make a large number of trades and you own the asset for a short period, any gains are likely to be under the business income taxes heading.
Taxes subject to trading in Canada can be divided into two main classes. The first being the capital gains tax authority, while the latter, and most easy to use for day traders, is the business income tax.
With the help of some proof of financial trading activity, Forex will be treated as capital gains or income. However, the CRA Income Tax Interpretation Bulletin of 2010 states that trading taxes in Canada are considered capital gains or income.
If you are trading in markets outside of your RRIF or RRSP, the profit realized from your investing activities will be treated as capital gains. This comes with a major benefit of being taxed at fifty percent of your marginal tax rate.
Though Canadian capital profits tax is lesser than the tax placed on dividends and interest income, capital profits are a tax-friendly form of income. Nevertheless, since 2020, most investors possess an income of all three kinds. There are three strategies for creating investment portfolios to reduce tax responsibilities.
Canadian 2021 Taxable Income | Canadian Other Income Tax Rate 2021 | Canadian Capital Gains Tax Rate 2021 |
first $49,020 | 15.00% | 7.50% |
over $49,020 up to $98,040 | 20.50% | 10.25% |
over $98,040 up to $151,978 | 26.00% | 13.00% |
over $151,978 up to $216,511 | 29.32% | 14.66% |
over $216,511 | 33.00% | 16.50% |
A perfect structured investment portfolio can let you benefit from the low tax rate on dividend and capital profits while protecting the higher-taxed interest income present in your RSSP.
The benefits of declaring business income to traders in Canada are:
With the development of cryptocurrency markets and some other difficult-natured instruments, many traders ask questions on whether tax obligations will differ in specific markets. Generally, the CRA is more focused on why and how you are trading, rather than selling or purchasing. So, futures tax obligations will be the same as that of tax returns on ETFs.
We've collected thousands of datapoints and written a guide to help you find the best Trading Tax In Canada for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Canadian trading platform below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Canadian Trading Platform trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Canadian Trading Platform.
Compare Canadian Trading Platform min deposits, regulation, headquarters, benefits, funding methods and fees 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 |
eToro
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IC Markets
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XTB
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with spreadex |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider 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. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, 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 2021 article further below. You can see it now by clicking here
We have listed top Canadian trading platform below.