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    I am a Canadian individual who wants to know how to withdrawl money from the account while being taxed the least amount possible. Would it be best to leave it as a personal account or turn it into a business or private company account?

    First, the taxable event is making the profit, not taking the money out.

    How many millions are you making that it is worth the fees to register a company. Also, when you spend it on yourself, that could be taxable income from the company, in addition to the taxes paid on the trading profit.

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    One Response to “FOREX TRADING- What is the best way to remove money from my account while being taxed the smallest amount?”

    Ted Says:

    First, the taxable event is making the profit, not taking the money out.

    How many millions are you making that it is worth the fees to register a company. Also, when you spend it on yourself, that could be taxable income from the company, in addition to the taxes paid on the trading profit.
    References :

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