Prop Firms in/around Vancouver BC.

Hey,

http://www.taxtips.ca/taxrates/bc.htm

As you can see, the government will take 1/2 your earnings (income - 43.70% cap gains -21.85% )

This is BC + FED.

Who do you prop trade for? Are you switching when you come to Canada?

 

If trading is your main source of income, it is taxed like regular income at the Provincial and Federal rates. Capital Gains only applies to people who don't rely on trading for income.

It's also not a straight 43.7% for over $126,264, the first $35,716 is taxed at 20.06%, the next portion at the next tax bracket and the rest is taxed at 43.7%.

The Cap Gains tax is eligible for 50% of cap gains earned. So if you make $100,000, only $50,000 of it is taxed at whatever rate that falls into (Not sure if it's portioned like the regular income or not).

Correct me if I'm wrong...

 

I am spicy and ETFtrader24, this is my new name

I would bet good money that I am WAY better trader than 99% here

notice how MOMO and other guy said that what I wrote is wet behind the ears

but they didn't say why ???, you poor suckers have no arguments

however

since I am bored, ask me questions and I will answer ........suckers

 

well you are 19, if you work real hard at it, lots of testing and screen time

you can be ME by the time you are 23-24

so you have time, I doubt you'll become ME because you are young and probably don't know how to apply yourself and sacrifice going out etc

but you could prove me wrong maybe

just focus on day trading a single liquid instrument every day, that's how you learn

 

well find holes in what I said and I will publicly apologize for THIS

you are an infant ........A POOR INFANT

probably living in slums of Surrey or East hastings Vancouver

 

you watched that means THEY LIED to you

don't waste my time, learn about DOM and how to use it

 

ok the only way it can be done is to have a rig like MAESTRO,

if you have bots that scalp 50 instruments min after min, then yes it can be done

however

if you take those 50 instruments and load up the maximum you can and day trade 2-6 times

you can beat scalpers BY FAR

get it ?

 

do you honestly don't understand how I am right

I will if you want me to explain it in detail

 

ok, here we go nice and slow so you can understand

scalping allows position size to be 1 / 10th of day trading size that isn't scalping

so if you have money you can always outperform scalping regardless of which instrument is utilized and how many

get it now?

or do you want me to slow down and simplify

 

ok so you admitted I am right, good, now we can move on

I didn't say scalping isn't profitable, I said scalping is inferior

also, keep this in mind, there are traders that learned to trade in specific way

and don't care about other ways, you don't have to know everything to be successful trader