I did a few short sales this year and from what I read, CRA wants me to report my gains or losses as income instead of capital.
However, I was wondering if I can use the T123 form (Election of disposition of Canadian securities) and clain all the proceeds as cap gains / losses. Does anyone have any experience with this ?
Thanks,
Dave
However, I was wondering if I can use the T123 form (Election of disposition of Canadian securities) and clain all the proceeds as cap gains / losses. Does anyone have any experience with this ?
Thanks,
Dave