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Old 05-01-2006, 12:05 PM
GreenTrader Tax GreenTrader Tax is offline
CPA, CEO Green & Company CPAs, LLC
 
Join Date: Mar 2006
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If you are a non-resident alien of the US - sounds like you are - then you may not owe US taxes, as it doesn't sound like you have US source income from trading forex with a US-based forex broker.

Learn more here http://www.greencompany.com/Educatio...Resident.shtml.

Forming a US-based entity may trigger US source income, so that may not be a good idea.

Consider a consultation for more indepth review of your issues if any.

We can not comment on Canadian taxation and rules.
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