Dec '24 • General discussion
Tax Strategies for Canadian Day Traders
- Does the capital gains tax rate differ between a CCPC and personal tax rates?
- Eric discusses tax strategies for Canadian day traders to reduce their tax burden by operating as a corporation (CCPC) instead of an individual. He highlights the key benefits of this approach, such as the ability to deduct trading-related expenses and potentially pay a lower overall tax rate on business income.
- Day traders can incorporate their trading activities into a Canadian Controlled Private Corporation (CCPC) and benefit from lower tax rates on business income.
- The capital gains tax rate for investments within the CCPC is lower than personal tax rates.
- https://youtu.be/hmJ1zryXRM8
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Tax Strategies for Canadian Day Traders
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