April 19, 2011

FOREX TRADING- What is the best way to remove money from my account while being taxed the smallest amount?

By Planet Wealth

I am a Canadian individual who wants to know how to withdrawl money from the account while being taxed the least amount possible. Would it be best to leave it as a personal account or turn it into a business or private company account?

Topics: trading tips | 1 Comment »

One Response to “FOREX TRADING- What is the best way to remove money from my account while being taxed the smallest amount?”

  1. Ted Says:
    April 19th, 2011 at 10:21 pm

    First, the taxable event is making the profit, not taking the money out.

    How many millions are you making that it is worth the fees to register a company. Also, when you spend it on yourself, that could be taxable income from the company, in addition to the taxes paid on the trading profit.

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