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Futures Contracts

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Stocks, Bonds etc.  ->  Investing Tax Issues -> Futures contracts, commodity futures

Futures Contracts, Commodities Futures

A futures contract is a contract to buy or sell a product at a fixed price on a specified date, usually traded on futures exchanges.

Futures contracts are not qualified investments for a registered account such as a Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), or Tax Free Savings Account (TFSA).

Gains or losses on commodities or commodity futures may be treated as capital gains (50% of gain subject to tax) or income (100% of gain subject to tax), depending on the circumstances.

See Canada Revenue Agency (CRA) interpretation bulletin IT346R Commodity Futures and Certain Commodities (Archived).

Revised: November 01, 2017

 

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