Can someone recommend a good online summary of the tax treatment of share trading/investing profits. Somehow, I've managed to get myself confused and need to get my head around it again.
Basically the areas I need clarification in are:
- classification of trader vs investor and tax treatment of each
- tax treatment dependant upon holding periods
- income vs capital gains
- all of the the above in s/f
I don't want to read the tax act but if someone has a good one-page type summary or knows of one I would be gratefull.