Comments on: Not pay trading income taxes through a TFSA trading account http://www.quantisan.com/not-pay-trading-income-taxes-through-a-tfsa-trading-account/ An engineer's training to trade for a living Fri, 03 Sep 2010 17:11:12 +0000 hourly 1 By: Ranking investment options for my self-directed RRSP | Quantisan.com http://www.quantisan.com/not-pay-trading-income-taxes-through-a-tfsa-trading-account/#comment-218 Ranking investment options for my self-directed RRSP | Quantisan.com Mon, 29 Mar 2010 12:04:16 +0000 http://www.quantisan.com/?p=3263#comment-218 [...] I weight this criteria at 20%.  As I’ve said numerous times, I don’t like the limitations in a registered account.  It is like trying to invest with one hand tied behind my back.  I do not want to put much [...] [...] I weight this criteria at 20%.  As I’ve said numerous times, I don’t like the limitations in a registered account.  It is like trying to invest with one hand tied behind my back.  I do not want to put much [...]

]]> By: Is a $5000 Questrade TFSA trading account cost effective? – Part 2 | Quantisan.com http://www.quantisan.com/not-pay-trading-income-taxes-through-a-tfsa-trading-account/#comment-214 Is a $5000 Questrade TFSA trading account cost effective? – Part 2 | Quantisan.com Thu, 25 Mar 2010 13:33:47 +0000 http://www.quantisan.com/?p=3263#comment-214 [...] series considered the costs of a TFSA trading account using data from my recent forex trading (forex trading is not allowed in a TFSA, by the way) as a hypothetical case study. I conclude that even if I can trade in my best month, [...] [...] series considered the costs of a TFSA trading account using data from my recent forex trading (forex trading is not allowed in a TFSA, by the way) as a hypothetical case study. I conclude that even if I can trade in my best month, [...]

]]> By: Paul http://www.quantisan.com/not-pay-trading-income-taxes-through-a-tfsa-trading-account/#comment-181 Paul Fri, 19 Feb 2010 19:51:20 +0000 http://www.quantisan.com/?p=3263#comment-181 Yes, there's so much one can do to minimize taxes. But I like to live in my own little trading world and pretend all that doesn't exist. At least until tax seasons comes. Like now. I noticed you wrote about income trusts in TFSA too in your blog -- <a href="http://youngandthrifty.ca/tfsa/tax-free-trading-account-a-souped-up-tfsa/" rel="nofollow">Tax Free Trading Account (a “souped up” TFSA)</a> I don't know much about income trusts but I'd imagine trading them would be similar to trading a high-yielding company (again, ignoring tax implications). Thus one would have to factor in the distributions in assessing the value of the trust. I think I'm just rambling now... Yes, there’s so much one can do to minimize taxes. But I like to live in my own little trading world and pretend all that doesn’t exist. At least until tax seasons comes. Like now.

I noticed you wrote about income trusts in TFSA too in your blog — Tax Free Trading Account (a “souped up” TFSA)

I don’t know much about income trusts but I’d imagine trading them would be similar to trading a high-yielding company (again, ignoring tax implications). Thus one would have to factor in the distributions in assessing the value of the trust. I think I’m just rambling now…

]]> By: youngandthrifty http://www.quantisan.com/not-pay-trading-income-taxes-through-a-tfsa-trading-account/#comment-180 youngandthrifty Fri, 19 Feb 2010 17:47:02 +0000 http://www.quantisan.com/?p=3263#comment-180 Thanks for the link! Yes, Questrade IS the one and only that does the US funds. They seem to only ding you when you trade the US funds (actively). If you were funding the account with USD it takes about a week and a half to fund it (so buy the time you buy anything, the prices may have changed, so bear that in mind). It does suck that there's no margin and forex! =) I think a lot of people this year (who are more "aggressive" than those who fill it in a High Interest Savings Account) have been filling it with Income Trusts... I did and it's not been too bad though, but one will need to watch them closely because of the pending taxation on the companies come 2011. Thanks for the link!
Yes, Questrade IS the one and only that does the US funds. They seem to only ding you when you trade the US funds (actively). If you were funding the account with USD it takes about a week and a half to fund it (so buy the time you buy anything, the prices may have changed, so bear that in mind).
It does suck that there’s no margin and forex! =)
I think a lot of people this year (who are more “aggressive” than those who fill it in a High Interest Savings Account) have been filling it with Income Trusts… I did and it’s not been too bad though, but one will need to watch them closely because of the pending taxation on the companies come 2011.

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