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Title: Did you incorporate your stock trading as a business? Post by: Richy on June 08, 2010, 07:55:55 PM I'm new to stock trading. Please help with the following:
IN CANADA: Is it advisable to incorporate my stock trading as a business (for tax purposes)? And at what annual income level (from trading) should one consider incorporating their stock trading business? I assume at least over 30k/year? What kind of incorporation? If anyone reading this has incorporated their stock trading as a business, do you have a recommended accountant and/or lawyer you can recommend? Thanks! Richy Title: Re: Did you incorporate your stock trading as a business? Post by: toprngr on August 19, 2010, 10:10:49 AM You do not have to make it a business as from one point of the view, you don’t sell any products, and you do not have customers, etc to define it as a business. But if you are worried to have some trouble with government taxation, I suggest you to seek advice from a more professional body, as what you have mentioned here, like an accountant or a lawyer. They could provide you with the best answers.
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