So I'm another poor Canadian trying to get an account with a US broker, specifically IB. Their Canadian registration is delayed, and may never happen. So I'm considering incorporating a company in Delaware (cheap, it's about $300 all said & done), and then getting a corporate account w/ IB.
I think that's perfectly legitimate, no? Does anyone know of any caveats or reasons not to do this? I'm only hesitating because the international tax implications are not clear to me yet, but I wonder if there are other snags...
you'll also have to pay professional data fees as it is a company.
re IB's canadian application, there is another meeting this month of the regs. we are actually hoping they grant approval this time around.