Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (49676)	5/8/2004 6:14:01 PM
From: Taikun	Read Replies (1) of 74559

Malcolm, First of all, I am honored by your suggestion I am smart. I am not as smart as most of the people on this thread, but I aim trying to be openminded, because I want to learn. Let me know if I'm not. As a Canadian, though, can you set up a Canadian corporation for your investment accounts and pay the lower corporate income tax rate on capital gains, then issuing dividends to yourself - which would be taxed at personal income tax rates, but depending on the timing you'd be in a lower tax bracket (ie retirement)? Would you pay lower corporate income taxes? Are the filing fees nominal? Just a thought. T

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