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Strategies & Market Trends : Beat The Street With SI Traders -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (71448)	2/18/2011 11:29:55 AM
From: Cheeky Kid	Respond to of 233807

I have been doing it since 1997.

To: kidl who wrote (71448)	2/18/2011 2:24:29 PM
From: brit2	Read Replies (3) \| Respond to of 233807

You're right Kidl. The tax implications for "traders" are substantial. According to a former student of mine who is in the Penticton office of the CRA, auditors are cracking down. Once they deem a taxpayer to be a trader they audit them back 7 years. She mentioned that in the past year they have added almost 200 auditors to their investigative force.

To: kidl who wrote (71448)	2/18/2011 2:56:36 PM
From: Land Shark	Read Replies (1) \| Respond to of 233807

Start a corporation, have the account in the company name. Make it a an investment/holding company. The gains are taxable as cap. gains at a corporate rate (~18%). You make yourself and any other family members shareholders. Shareholder draws from the account are then dividends. These are taxable in the same manner as cap. gains.

To: kidl who wrote (71448)	2/21/2011 5:21:44 PM
From: Postman	Read Replies (1) \| Respond to of 233807

If you trade in your RRSP there is no issue of whether it is capital gains or not is there? The tax structure is what it is for RRSP's I thought-