Day trading in Canada Vs US

Discussion in 'Professional Trading' started by snoop101, Dec 30, 2006.

  1. are commissions considered as expenses?

    lets say you have 20K in commissions to generate 100K, does one pay taxes on 100K or 80K?

    Thanks
     
    #21     Dec 31, 2006
  2. you didn't generate 100k

    you generated 80k

    you pay taxes on the 80k

    it's that simple.
     
    #22     Dec 31, 2006
  3. zdreg

    zdreg

    in case you have forgotten canada is another country. canada is not another state of the US

    if I was you i would not be giving tax advice or any other advice.

    this is all nonsense since he doesn't have a pot to piss in.
     
    #23     Dec 31, 2006
  4. zdreg

    zdreg

    don't you have to take an exam before trading at 15:1? are they going to sponsor you?

    what is the name of this co.?
     
    #24     Dec 31, 2006
  5. snoop101

    snoop101


    an exam? im trading for myself, not others. And your giving me advice to give up?

    what does owning a house have to do with trading? If owned 3 houses then it would make it ok?
     
    #25     Dec 31, 2006