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If you want to trade as a corporation, the brokerage account (IBKR or any other broker) needs to be under the business entity, not you as an individual. Not sure about DAS subscription, since I don't use DAS for my business account - I use Trader Workstation directly to trade on that account. Hope this helps.

Hi All, Seeking some help on this old, but very informative thread! Can anyone here recommend a tax accountant that they have worked with (anywhere in Canada), and had good experience with? Doesn't matter whether you used their services for filing as a self-employed individual or a corporation doing day trading. I am just looking for someone with prior experience working with day traders. Thanks!

Hi There, I am wondering if there are any Canadians here in the community that do active day and/or swing trading as a business? I am in the same boat, and am looking for recommendations on an accountant who has experience with day trading business taxes. Any pointers would be appreciated. Thanks!

Hi Everyone, I was wondering if someone can recommend an accounting firm based out of Canada who has experience with day traders (preferably someone that you have worked with, and had good experience). I trade as a business entity in Canada, and am looking for a firm that can do accounting, year end returns etc. I saw the Green Trader Tax firm being recommended earlier in this thread, but doesn't seem like they work with Canadian taxes. Thanks.

Thanks Palashe for all that info! Funny I watched the same video right after I looked up this thread, and didn't look for the information I was seeking! For now, I am in a similar boat as you. I am fairly new to trading, and am doing it for a couple of hours in the morning before I start my day job. But would like to eventually convert this to my main profession once I get more consistent. Sounds like for now I would just continue to file whatever gains I made as personal income tax, and think of incorporating this as a business. Also, am new to Canada. Just moved here couple of months ago from US, so haven't filed any taxes in Canada yet.

Looking for the same info, would really appreciate if someone can share their experience / thoughts about the above questions. Also, did you have to pick a 'professional' account type when opening an account with your broker if you are trading as a business entity(e.g. IB makes you select account type as 'personal' or 'professional')?