Trade Currencies with Confidence & Tax Clarity
Forex trading generates thousands of taxable events across multi-currency pairs, offshore brokers, and rollover interest - all with unique CRA reporting requirements. We handle the bookkeeping, FX conversion, and reporting all year long so you can focus on the next setup, not on filing season.
Tax accounting challenges you might be facing as a forex trader.
Forex trading involves multiple currencies, offshore brokers, and complex CRA rules on FX gains and losses. Reconciling everything in CAD and reporting correctly is where most traders slip up.
We'll help you avoid the challenges of:
- ×Converting every trade back to CAD at the right FX rate
- ×Deciding between capital vs. business income treatment
- ×Reporting offshore broker accounts on T1135
- ×Tracking swap, rollover, and financing charges
- ×Working with the CRA on FX-specific audit questions
How we will help you overcome your tax & accounting challenges.
As a forex trader, you're good at reading price action across currency pairs - but navigating multi-currency tax reporting, offshore broker disclosures, and CRA FX rules is a different game. This is where we come in.
We will help you with:
- ✓Applying the correct CAD conversion rate per trade
- ✓Filing T1135 for offshore broker accounts
- ✓Evaluating a Section 39(2) FX election
- ✓Corporate vs. personal structure for active FX trading
- ✓We'll speak to the CRA on your behalf if needed
- ✓We work with our CPA firm partners in Canada
"Multi-currency P&L, offshore brokers, and T1135 filings trip up most Canadian accountants. Forex tax is exactly the work we handle every day."
How we compare with other firms.
Most accountants don't know how to reconcile FX P&L in CAD or handle offshore broker reporting. Our clients trade eight-figure notional volume across global brokers - and we built our process around that reality.
A specialized forex-trader firm where every advisor understands CAD conversion, T1135 filing, and offshore broker mechanics.
- ✓FX-native team who understand multi-currency reporting
- ✓Spot FX, CFDs, futures, and crypto FX pairs covered
- ✓Year-round planning, not just April scramble
- ✓Section 39(2) election & T1135 reviewed every year
Generalist accountants who miss CAD conversion rules, ignore T1135 filings, and don't know Section 39(2) exists.
- ×Limited or no forex-specific tax knowledge
- ×Reconciliation handed back to the client
- ×Reactive, filing-season-only engagement
- ×No proactive tax planning strategy
Forex Traders We Work With.
We work with a variety of forex traders within Canada, USA, Dubai, UK, Poland, Spain, Portugal, Singapore, and more.
Spot FX Traders
We reconcile every currency pair back to CAD and apply the correct year-end exchange rates.
CFD Traders
We help you handle leveraged CFD positions, financing charges, and the CRA treatment of derivative gains.
Offshore Broker Traders
Trading with IC Markets, Pepperstone, or IG offshore? We handle the T1135 disclosures and foreign income reporting.
FX Options Traders
We'll explain the tax implications of currency options and structure your reporting correctly.
Prop Firm Traders
FTMO, MyForexFunds, and other funded FX accounts have unique payout tax treatment. We handle it.
FX Futures Traders
Currency futures on CME and other exchanges require specific classification - we ensure CRA compliance.
Our step-by-step process.
A clean, repeatable onboarding so we can get to the savings work as fast as possible.
Free consultation
We learn your trading style, brokerages, asset classes, and goals - no commitment.
Onboarding
Read-only broker access and statement uploads are imported into our reconciliation stack.
Tax strategy
We build a year-round plan covering trader status, elections, wash sales, and cross-border exposure.
Ongoing partnership
Quarterly check-ins, audit-ready books, and a Tax Partner you can text.
"Forex trading across multiple currencies and offshore brokers is complex - let us handle the tax accounting for you."
Questions you may have about our forex trading accounting services.
When does forex trading become business income vs. capital gains?
The CRA looks at frequency, intent, holding period, and time committed. Most full-time forex traders end up reporting as business income - which changes deductions, loss treatment, and entity strategy. We make the call with you and document it.
Do you help with setting up a corporation?
We can help you setup your corporation, or sole-proprietorship. If you're looking to incorporate in other countries, reach out to us and we'll see how we can assist you with this as well.
Can you defend a CRA audit?
Yes. Every engagement produces an audit-ready record with reconciled FX broker data, CAD conversion rationale, and trade-by-trade backup. Our in-house lawyer leads defense if needed.
There's a lot of complexity around forex trading when it comes to CAD conversion, offshore reporting, and CRA compliance. We'll help with this.
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