How to report profit/loss incurred from Currency Trading on Canadian Income Tax. Its not Capital gain or loss?

Hi, How to report profit or loss incurred from Currency Trading on Canadian IncomeTax Return. It doesn't fall inot Capital gain or loss Category. Please help

Public Comments

1. No, you're right, it's not a capital gain or loss, it's Other Income. Fully taxable.
2. Line 130 of your T1. if it's strictly currency trading i.e. speculation on the exchange rate itself. If the currency gain or loss is associated with a stock transaction (i.e. buying a stock in a foreign currency account, then selling it) then the currency gain/loss is part of the capital gain/loss.
3. These are the things you should know BEFORE you trade currency. One of the trickiest investments around, recommended only for accredited investors. Part commodity, part equity, part global hedge fund.