CRA may argue that gains realized are full taxable as ordinary income( and losses full deductible). Factor which CRA would review in assessing whether trading is speculative in nature include:1. Short periods of ownership
2. A history of extensive buying and selling of shares or quick turnover of securities
3. Substantial investment of time spent studying the market and investigating petential purchase
4. Financing share purchases primarily on margin or some other form of debt
5, The nature of the share ( i.e. speculative, non-dividend type)
-yunqi(韵其);
2008-1-27{359}(#20577@43)