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Gold/Mining/Energy : CDN. MOMO PUPPIES

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To: WhatsUpWithThat who wrote (27074)	2/21/2000 12:51:00 AM
From: keith massey	Read Replies (1) of 36688

Incorporating - If you are a true active trader then the first $200,000 of trading revenue is taxed at 22% and the remaining revenue is taxed at 38%. Of course you can pay yourself a wage out of your company, pay dividends on the shares you issue yourself and other, get your company to buy 1/2 your RRSP's, do share buy backs from yourself and other as the asset value of the company grows, right off your expensives from your earnings, etc. There are several benefits and also negatives to incorporating yourself. Can cost you as little as $300-400 or more than $5000 to incorportate yourself depending on which route you take and how much you know. There is also a yearly fee (several $100 to several $1000) and you must keep solid books. I'm sure AriK will comment on this because it is his area of expertise. Best Regards KEITH

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