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Any full time traders in Canada?


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Any full time traders in Canada?

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  #1 (permalink)
Ontario
 
Experience: Advanced
Platform: ninjatrader
Broker: Ninjatrader
Trading: futures (CL and ES),forex,Options
 
Posts: 134 since Aug 2011
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Dear all
I am planning to move to Ontario canada this summer.
I am wondering about, day trading status in regards to taxation and
regulations in Canada or any related issues.
Any help or feedback on this subject is highly appreciated.

Thanks
Regards
Guss

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  #3 (permalink)
Montreal, Quebec
 
Experience: Intermediate
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Hey Guss,

There are tax advantages to trading in Canada. Trading is taxed at about half the percentage of a salary or interest on bank accounts. As an example, I paid 20% on my revenues from trading last year, wich is exceptional in this country.

Good luck,

Pierre

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  #4 (permalink)
windsor, Ontario
 
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Trading: Es, 6E
 
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One advantage is the investment protection plan. I was an MF Global client I received 100% of my account from the trustee . As far as I know US based clients are still waiting with little hope. I certainly hope they recover their money. All funds were accounted in Canada however there also is $1,000,000 insurance on futures accounts held in ontario . There are only a few brokers to choose from.

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