Taxation on RSGP trading?

[Arcus Isidar]

I'm hoping this is the correct place to post.

I have made a significant amount of money so far on sythe, and on top of my part time job (roughly $7000 made this year), plus the amount I've made trading, I am expecting to have a noticeable income for the 18 year old student I am. I'd like to know what regulations are on Internet merchanting and taxation (if any canadian's familiar with this could let me know, would be great).

I have been keeping all of my WU receipts, and paypal keeps monthly reports that I have printed off recently, but alot is hard to track (such as bank transfers) etc, aswell as fees associated with payment methods.

Appreciate all input, thanks!

 

[T0M__]

http://www.cra-arc.gc.ca/formspubs/t1gnrl/menu-eng.html Dependant on Province, although I just skimmed through it, I believe in order to be eligible for income tax you need to make over 11,000 some. As I too am a student and on my pay stub for my job I only pay for EI, and CPP. But ofc I could be totally off and look like an ass, but I hope it helped