Given your stated annual income, wouldn't you be able to afford hiring a tax accountant to better answer this question?
Oh absolutely, which is why I said if someone could point me to someone that is fine. I have no problem paying for the advice. It kind of just took off for me the last couple of years and the accountant I use is an old family friend. I know I have totally out grown him but don't know where to go, unless I just go to one of the big firms.Given your stated annual income, wouldn't you be able to afford hiring a tax accountant to better answer this question?
I think you misunderstood. I would start a mutual fund that I do all the trading in, but it would be owned by my TFSA. So all the shares of the fund would be sold to my TFSA. The fund would leverage its trading history with banks (like I do now) to get funding.Starting a mutual fund just to put $5000 a year in a TFSA? This would represent a tiny fraction of your income and would hardly be worth the effort and expense. Is this a joke?
Would it be possible to open up your own corporation and trade within it? I.E. pay corporate tax on your profits rather than personal income tax? You could withdraw the income (as dividends?) to meet your needs while keeping more of the money away from the government.
I have very little tax knowledge (and only on a personal level) but just thought I'd throw that idea out there...