In addition to my TFSA (like an Roth IRA) I currently have a personnal margin trading account. I'm curious to know if instead of a personnal account I should start a simple corporation account. To the best of my knowledge the Corporate tax rate is lower than the personnal tax rate.
I have a pretty good job as it is and my thinking is that income generated from a personnal account would effectively raise my tax bracket and therefore the amount of taxes I'm required to pay despite not needing the money. ie I don't ever take any money out of it it just grows.
I'd love to know if anyone has any advice or tips on how to go about solving this problem. I was thinking I'd go see and accountant but I'm holding off for now
Submitted April 01, 2017 at 01:05PM by KerfuffleFunfuffle http://ift.tt/2omHJBm
