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  #1 (permalink)  
Old 05-01-2006, 04:31 PM
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Forex Canadian Tax Return
Hello I live in Vancouver, British Columbia. I am curious to know what form I have to fill out to claim my $1000 loss. Furthermore, if I were to open a partnership with my wife, what would be the benefits/negative? Or should I just open a proprietorship? I also have a regular full time job.

Thanks,
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Old 05-01-2006, 08:39 PM
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answered on the other thread where asked, thanks.
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Old 05-02-2006, 03:06 AM
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I am sorry, I could not find it.
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Old 05-02-2006, 04:10 PM
CPA, CEO Green & Company CPAs, LLC
  
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I believe I answered your same question on the first thread up top. Here is a copy.

If you are a non-resident alien of the US - sounds like you are - then you may not owe US taxes, as it doesn't sound like you have US source income from trading forex with a US-based forex broker.

Learn more here http://www.greencompany.com/Educatio...Resident.shtml.

Forming a US-based entity may trigger US source income, so that may not be a good idea.

Consider a consultation for more indepth review of your issues if any.

We can not comment on Canadian taxation and rules.
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Old 08-11-2006, 10:08 AM
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Is there anyone here who can suggest where to look for information on tax guide for Canadian traders? I tried looking online but there's nothing really for Canadian traders.
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  #6 (permalink)  
Old 08-29-2006, 07:11 PM
CPA, CEO Green & Company CPAs, LLC
  
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Canadian taxes
Email us at info@greencompany.com and we can give you a referral to a good Canadian CPA.
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Old 02-22-2007, 01:04 AM
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Question
Hello,

I am a Canadian citizen but in US on a job visa nd have a W2 here . I trade currencies with a Swiss online broker , can i offset the losses i incurred from that activity against my W2 earnings and what is the maximum that can be offset

Regards

Vgpal
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Old 02-22-2007, 09:58 PM
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international tax question
It depends if your forex trading is US income (or loss) or not. That depends on many factors. You need a consultation with us for that. http://www.greencompany.com/Traders/...nsulting.shtml
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Old 12-30-2007, 01:10 AM
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Arrow Forex managed funds
Hi,
I was wondering what is your idea about taxation on earnings from Forex managed funds. Are they in the same category?
I am a Canadian resident and don't pay US tax on Forex. Thank you.
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Old 10-11-2008, 03:06 PM
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