1. Do you need to be officially registered as a business to declare trading as a business as a tax payer to get business costs offsets like office space, cost for trading software,etc.
2. Can you offset cost for DAS cost, educational training costs like cost for Bearbulltraders, scanner costs, ebooks,etc.
3. If we are only trading US stocks, is it better or worse to make a USD bank account. Which bank accounts do you recommend for daytraders?Also on Interactive Brokers, there's an option to make base currency as CAD or USD. Which is better.
4. Can you daytrade using TFSA or RRSP?