I'm confused so would like to hear from any knowledgable traders on the matter of tax and trading in Canada. I have searched the net, spoken to a CRA rep and received info from my accountant but all seem to conflict one another in one way or the other. As a permanent resident of Canada I'm an individual F/T trader conducting the buisness of trading. I am aware I am subject to report gains/losses from my day trading activity and fall under a daytrader status which has me taxed as income not CG, so at the end of the year I will report my figure of P/L. What I'm confused about is the Mark-Market election. Is this applicable to individual traders?