manumoneya
41 posts
msg #109678
- Ignore manumoneya |
12/28/2012 12:58:08 AM
Hi johnpaulca,
Can you please help me to figure out how much is the tax deduction on profit earned with stock trades in Canada , i always trade US stocks , Can you please refer me a good accountant in Calgary , Do i have to fill the tax return in US too ?
I have a individual margin account with xyz broker , which one is good practice , having a individual account or do i have to register a company and open a trading account under that company name and trade with that account . I am doing trading as a side business , i have a full time job.
Thanks,
ManuMoneya
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johnpaulca
12,036 posts
msg #109680
- Ignore johnpaulca |
12/28/2012 9:07:09 AM
ManuMoneya
My wife looks after my accounting. No, you don't need to start a company to trade and you don't need to declare income to the IRS because you trade US equities. Remember, capital gains/loss must be converted to Canadian dollars using Bank of Canada conversion rate on the day of transaction or use the average conversion rate for the year supplied by your broker....hth.
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johnpaulca
12,036 posts
msg #109681
- Ignore johnpaulca |
12/28/2012 9:29:37 AM
CTRX($46.70)....could bounce here on the
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Eman93
4,750 posts
msg #109682
- Ignore Eman93 |
12/28/2012 9:52:12 AM
Nice call didnt see it though... IWM choppy
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Eman93
4,750 posts
msg #109683
- Ignore Eman93 |
12/28/2012 10:01:58 AM
SMBL above the 20 day needs to break 12.90 will try some
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johnpaulca
12,036 posts
msg #109684
- Ignore johnpaulca |
12/28/2012 10:06:01 AM
LINE($35.17)...algos should start buying here.
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johnpaulca
12,036 posts
msg #109685
- Ignore johnpaulca |
12/28/2012 10:09:50 AM
HLF...up another 5%
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johnpaulca
12,036 posts
msg #109686
- Ignore johnpaulca |
12/28/2012 10:11:26 AM
johnpaulca
6,587 posts
msg #109667
- Edit message 12/27/2012 2:30:36 PM
KT($16.48)....in the hourly bottom
*******************************************
now $16.73
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Eman93
4,750 posts
msg #109687
- Ignore Eman93 |
12/28/2012 10:15:42 AM
I always heard it was a good idea to set up a limited liability company if you plan on trading options or futures on margin...
a Flash crash could wipe you out with auto margin calls...
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Eman93
4,750 posts
msg #109688
- Ignore Eman93 |
12/28/2012 10:18:16 AM
in and out of SMBL lost .01
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