Day Trader TAXES – Sole proprietorship vs Incorporation in Canada (tax deductions for traders 2022)
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0:00 Intro to day trader tax Canada
1:40 Capital gains vs business income
3:35 Sole proprietorship (self-employment traders)
4:55 Tax deductions for day traders
6:35 Incorporation for day traders
10:33 Cons of day trading as a corporation
In this video, I’ll be going over the best way to save on taxes for day traders in Canada. Covering topics like trading sole proprietorship or trading incorporation, tax deductions and tax-saving tips for active traders. It doesn’t matter if you are a beginner day trader in 2022 or an experienced trader, this video is for you if you want to save more money on taxes!
Day trading capital gains or business income? https://youtu.be/bt9pEKsFZBM
How Much Money I Spend Day Trading 2022: https://youtu.be/0425tt0fmiQ
Business structures, corporate tax rate resources:
How to Choose the Right Business Structure for Your Small Business
https://www.taxtips.ca/smallbusiness/corporatetax/corporate-tax-rates-2021.htm
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Day Trader TAXES – Sole proprietorship vs Incorporation in Canada (tax deductions for traders 2022)
#Day #Trader #TAXES #Sole #proprietorship #Incorporation #Canada #tax #deductions #traders
💸Taxes taxes… are you worried about your trading income tax for the CRA? 😂
Learn to Day Trade: https://www.humbledtrader.com/academy
Hello, have you ever made any video about LEVEL II?
Only 79k deduction, but what about the Lambo? Didn't you put it in as a business vehicle? 😏
Shay
Always enjoy your videos they are helpful and also funny with the little jokes you add. Thanks for all your help
Love the videos!!! have you done any about setting up long straddles on TWS? keep up the great work! TIA
One of your best videos ever. I love your transparency and valuable content.
I'm in the US and our tax structures are similar .. I'm sure many will find this very helpful …!!… incorporating also help protect you should you get sued
25% in Cali for me
Can you recommend someone to do taxes for a day trader in the Vancouver area please? Having trouble finding someone
Thanks for the informative video, would be great to know how to benefit in tax for my trading losses.
My first day trading year in USA I want to go out to dinner with you. : D
That hand on the chest gesture you did for "appreciation" is almost identical to how Iranians show heartfelt appreciation! 🙂
OMG!!! How can any guy who loves to trade not want to be hanging with Shay!! Cute, smart and funny as heck! WOW I love you Shay and how you share your wisdom with us!! 🙂
Please make a video for the US taxes!!!
What if I haven’t made anything but loses? Do I have to pay for my loses? Thanks
And for the most successful of all a Holding is the next level corporate structure. It allow to have all business to be cash machine for the holding and as a holding owner with no dividends it allow stellar growth for 0% tax. Inheritance of family's holding is also easier.
I finally find you so attractive 😘🥰😍😘😘😘😘😘😘
Yes!! been waiting for this
Lol your jokes finally make me laugh a bit😂😂
Wow. great vid!
In Dubai (UAE) I pay 0% income tax and 0% company tax 😀
Great video. I wished I knew this when I first started. Bravo shay.
what about loses?
Thank you, this was great information.
that was fantastic
Hi, from another fellow Vancouverite! Thanks for creating these tax videos they are really helpful as I have been considering incorporating my trading business too. Love your content!
You got me looking at income taxes in Canada and I just realized I'm getting screwed big time in Quebec, holy crap. I knew our taxes were high but daaaaaaaaaaaaamn, its just ridiculous compared to the rest of Canada.
In Brazil we 15% 🥵
What happens if we didn’t pay taxes ?
You're sooo pretty jiee!!
Hey man, I've been watching this channel for a while now and love your content. Do you have a business email at all?