Hi all,
I was thinking of opening a corporate trading account instead of trading under my personal name. Assuming I make good money, are there major advantages to a corporate account for tax savings or in other ways. I know I should consult a tax specialist but anyone have any basic info? I live in Canada and trade US stocks.
Would income from trading from a corporate account be considered capital gains?
Thanks
Dom
I was thinking of opening a corporate trading account instead of trading under my personal name. Assuming I make good money, are there major advantages to a corporate account for tax savings or in other ways. I know I should consult a tax specialist but anyone have any basic info? I live in Canada and trade US stocks.
Would income from trading from a corporate account be considered capital gains?
Thanks
Dom