How do the tax laws work with playing the forex market with a US broker and being a Canadian resident?

May 10, 2009 by Currency Trading Tips  
Filed under FOREX Market

Can you answer dodger346’s question about Currency Trading?:

I currently dabble in the forex market and using a US broker. How will I be taxed on my earnings, and what happeneds if I lose money that year, is it a capital loss? HOw does this work in regards to canadian tax laws with the broker being in the US?

Have you claimed your Genesis site?