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, Iโ€™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!

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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

31 thoughts on “Day Trader TAXES – Sole proprietorship vs Incorporation in Canada (tax deductions for traders 2022)

  • Avatar of Markus
    January 27, 2022 at 8:37 pm

    Hello, have you ever made any video about LEVEL II?

  • Avatar of L2HfT
    January 27, 2022 at 8:42 pm

    Only 79k deduction, but what about the Lambo? Didn't you put it in as a business vehicle? ๐Ÿ˜

  • Avatar of Rex Freeman
    January 27, 2022 at 11:34 pm

    Always enjoy your videos they are helpful and also funny with the little jokes you add. Thanks for all your help

  • Avatar of lewis jaffrey
    January 28, 2022 at 12:18 am

    Love the videos!!! have you done any about setting up long straddles on TWS? keep up the great work! TIA

  • Avatar of Leonardo Paternina
    January 28, 2022 at 12:28 am

    One of your best videos ever. I love your transparency and valuable content.

  • Avatar of AllenHart Trading
    January 28, 2022 at 1:09 am

    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

  • Avatar of Zachary G
    January 28, 2022 at 2:50 am

    25% in Cali for me

  • Avatar of Pardeep Sangha
    January 28, 2022 at 2:50 am

    Can you recommend someone to do taxes for a day trader in the Vancouver area please? Having trouble finding someone

  • Avatar of vighnesh Thakur
    January 28, 2022 at 4:30 am

    Thanks for the informative video, would be great to know how to benefit in tax for my trading losses.

  • Avatar of Triprovoked
    January 28, 2022 at 5:03 am

    My first day trading year in USA I want to go out to dinner with you. : D

  • Avatar of Gugle Yuser
    January 28, 2022 at 5:11 am

    That hand on the chest gesture you did for "appreciation" is almost identical to how Iranians show heartfelt appreciation! ๐Ÿ™‚

  • Avatar of SheepdogX
    January 28, 2022 at 8:06 am

    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!! ๐Ÿ™‚

  • Avatar of trickshady2
    January 28, 2022 at 9:19 am

    Please make a video for the US taxes!!!

  • Avatar of Diego Ramos
    January 28, 2022 at 12:54 pm

    What if I havenโ€™t made anything but loses? Do I have to pay for my loses? Thanks

  • Avatar of Aton Lee
    January 28, 2022 at 1:46 pm

    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.

  • Avatar of xXx
    January 28, 2022 at 9:53 pm

    I finally find you so attractive ๐Ÿ˜˜๐Ÿฅฐ๐Ÿ˜๐Ÿ˜˜๐Ÿ˜˜๐Ÿ˜˜๐Ÿ˜˜๐Ÿ˜˜๐Ÿ˜˜

  • Avatar of Eddie Rueca
    January 28, 2022 at 11:46 pm

    Yes!! been waiting for this

  • Avatar of William Leblond
    January 29, 2022 at 9:46 am

    Lol your jokes finally make me laugh a bit๐Ÿ˜‚๐Ÿ˜‚

  • Avatar of Antonio Cinanni
    January 29, 2022 at 10:26 pm

    Wow. great vid!

  • Avatar of Picci Gabber
    January 30, 2022 at 3:09 am

    In Dubai (UAE) I pay 0% income tax and 0% company tax ๐Ÿ˜€

  • Avatar of Arthur Leung
    January 30, 2022 at 4:09 am

    Great video. I wished I knew this when I first started. Bravo shay.

  • Avatar of Daniel Lai
    January 30, 2022 at 4:27 am

    what about loses?

  • Avatar of Steve Donovan
    January 30, 2022 at 5:11 am

    Thank you, this was great information.

  • Avatar of Mb 63
    January 30, 2022 at 5:32 am

    that was fantastic

  • Avatar of J S
    January 30, 2022 at 7:27 am

    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!

  • Avatar of Flourishing Weee
    January 30, 2022 at 10:44 am

    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.

  • Avatar of Gaaragameplayer
    January 30, 2022 at 1:52 pm

    In Brazil we 15% ๐Ÿฅต

  • Avatar of MOKA MUSIC
    January 31, 2022 at 11:07 am

    What happens if we didnโ€™t pay taxes ?

  • Avatar of Ryan
    January 31, 2022 at 12:05 pm

    You're sooo pretty jiee!!

  • Avatar of FinancialJuice
    January 31, 2022 at 1:19 pm

    Hey man, I've been watching this channel for a while now and love your content. Do you have a business email at all?

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