Income tax question

[Ely]

My co-worker is leaving the job because he is very confident that he can do the stock market his way of living, he has been making quite a bit of money on it (he is not planning to be a broker or anything like that only trading for himself and making more money that being in a full time job). Now the concern is about taxes, when you have capital gain you are taxable only to 50% of it but if your capital gain is the only income that you have, can Revenue Canada says that you are taxable a 100% of it because is your only income and you do that for living????

[DragonZealot]

If the only income you have is from capital gain and/or you are a heavy (like daily) trader CCRA can on their desecration assess this as self employed income.

[15-20_God]

yes, if this is his primary source of income and considered as "self-employment (forgot the technical term)" then then 100% of the capital gain is taxed as income.

good luck to him in a bear market.