Recent content by Elemia

Did you come across any clients who forgot to/ (intentionally did not) file their capital gains/trades? Does the Brokerage submit account size/trades/annual profits to the CRA automatically or is it upon request by the CRA if they want to audit you? Are TFSA and typical margin accounts handled...

You seem to be experienced in this matter, how have you seen 300k tfsa accounts? Did you use to work for the CRA? Where there any reasons given for those few audits being conducted by the CRA? Too many trades, account size too large, etc...

My annual pnl is above 500k USD. Why did you choose antigua instead of the BVI or other destinations? Are there any banking difficulties? Do you currently reside there or in Canada? Nomad Capitalist seems to carry a poor reputation across anyone who have actually dealt with him.

Their rules and criteria in regards to this matter are purposely kept opaque, they essentially have the final say regardless how you want to justify it.

I'm a Canadian Citizen currently residing in Canada. Mostly do simple stock and options trading. I'm getting conflicting information about using offshore formation for tax deductions. Some I spoke to say the route is sealed (doubt it), and other say it's still viable. Anyone here with actual...

How did it work out for you?

I'm referring to the order type on the IBKR tws platform. Similar to Limit, Market, Trailing market, etc.

Same situation here, would other countries not be a better option than the US?

Hello, I've recently switched into IBKR and I mostly do options trading. Most of the time I would be entering into/out of diagonal spreads or vertical spreads, basically multi-leg entries, or iirc as IBKR calls it, "combos". I started using pegged/snap to primary with manual adjustment of...