8. If a speculator prefers to use the income treatment in reporting gains and losses in commodity futures or commodities, it may be done provided this reporting practice is followed consistently from year to year. If income treatment has been used by a speculator in 1976 or a subsequent taxation year, the Department will not permit a change in the basis of reporting. *Interpretation Bulletin CPP-3 discusses the effect of the income treatment and capital treatment on self-employed earnings for the purposes of the Canada Pension Plan.

so just like you said FOREX can be treated as a Capital or Income gains/losses. You just have to be consistent on your filing, exactly what CRA consultant told me….if you filed it as business in the very beginning yo can’t change it to Capital Gains.

Thank you very much. I need more information for schedule 3
I am doing this first time. So we show forex trading
in line 151 and 153. But there is column, Proceeds of disposition
Adjusted cost base, Outlays and Expenses and last one Gain and
Loss.I have show net loss in line 151,that be line up with
Proceeds of disposition and then same net loss in line 153
that be line up with Gain and loss or net loss just in line 153
under the gain and loss column.Or there is any otherway.
And column Name of Issuer, I have to say Foreign Exchange .

Thanks