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you can use Directed instead of Smrt as a workaround

yea it s from them I contacted IB, market selling off now

anyone eelse?

hehe. thank you ! :)

Hey guys, How does Interactive Brokers friends and family account taxation works if you manage money for a non resident Thanks

Thanks a lot for your response. I want to manage money for family members, and I will take a cut from the profits and declare income on it but at the same time since I would be self employed, I won't be able to get a mortgage until I have proof of income for 2-3 years and so I was thinking just...

ok thank you

ok thanks for your replies

They will also be the ones providing me with the capital, so I will be using their money to trade not mine

Yes but why would they buy it with THEIR money? I am the one who wants to make the payments, but I won't get approved if its in my name unless I have 2,3 years of profits. Get it?

Well if I am self employed, they don't give me a mortgage or car finance unless I have 2-3 years proof of income and I don't have that. However, my relatives do have income and they can be approved for the mortgage,car finance

I am not receiving any funds myself to my account and I am not owning anything. I am managing someone else's money in a way and they buy a house/car with their names on it and let me use it. What's illegal in that?

Thanks for the reply. So yes I am managing someone else's money, I am not receiving any funds to my account. With the money I manage for them, they buy a house/car and they let me use it. Is there anything illegal in that?

I am not receiving any funds myself to my account and I am not owning anything. I am managing someone else's money in a way and they buy a house/car with their names on it and let me use it. What's illegal in that?

Can you further explain that please? How would you then take out the money from the broker?

Hey guys, As a Canadian, if I make a family member(who is not Canadian) open a brokerage account and then I trade using that account, and the money stays in their name (nothing gets transferred to me, or I transfer a small amount of the profits and declare income on that), and then have them...