Can I be taxed on money made in foreign exchange?

October 8th, 2009 | by mon-ex |
money exchange
Jamie B asked:


I have bank accounts in Canada and New Zealand. If I send money back and forth when the exchange rate is favourable, can I be taxed?

HORTENCIA
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  1. One Response to “Can I be taxed on money made in foreign exchange?”

  2. By Flixy on Oct 8, 2009 | Reply

    The intention of making money then yes it will be taxable.

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