Quote:
Originally Posted by topfiverecords
If a corporation bought a large amount of steel rods and warehouses them until steel prices rose is that a taxable investment? Or is profit after expenses taxable as business income?
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Was is it in the normal course of business that you bought the inventory and is that inventory an input for what you sell? Business income.
Holding it like any other precious metal in order to see an appreciation? Depends on the nature of your business and if you meet criteria that the CRA would deem you to be a trader.