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Canadian futures trader fill out W8-BEN form
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Canadian futures trader fill out W8-BEN form

  #1 (permalink)
Trading Apprentice
Calgary/Alberta/Canada
 
Futures Experience: Beginner
Platform: Ninja Tarder
Favorite Futures: ES
 
Posts: 6 since Apr 2013
Thanks: 1 given, 0 received

Canadian futures trader fill out W8-BEN form

Hi,

I've submitted an application to a broker and as a Canadian, I've been requested to fill out a W8-BEN form. I want to know the following:

1) what is the (% rate of withholding...) I need to put down as a futures trader under Part 2 (Claim of Tax Treaty Benefits) question 10 Special rates and Conditions.

2) Also under what specific type of income will futures trading fall under ?

Thanks for any advice,

Mauri

 
  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,163 since Jun 2009
Thanks: 29,275 given, 82,773 received


You created this as a Trading Journal.

??

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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6)
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to support our community, become an Elite Member.

 
  #4 (permalink)
Elite Member
Calgary, AB/Canada
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: AMP/CQG
Favorite Futures: CL, NQ, 6E
 
Posts: 10 since Mar 2013
Thanks: 2 given, 8 received

@Liquid Trader

I am moving to Calgary this December and i trade American Futures (ES, CL, 6E)as well. Can you share your experience with me regarding choosing an American Broker and the tax formalities you need to fulfill? I have contacted Global Futures and IB. Global has higher than normal commissions and IB's data is not the best as i use tick and range charts.

Thanks

 
  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,163 since Jun 2009
Thanks: 29,275 given, 82,773 received

Please repost tax related questions in the main tax thread:

https://futures.io/traders-hideout/4832-tax-thread.html

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.


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