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  • #3,341
  • Dec 3, 2025 6:59pm Dec 3, 2025 6:59pm
Quoting TU2023
{quote} the personal accounts can net 70%.
meaning?? 70% tax??
Extreme gut feeling trader
  • #3,342
  • Dec 3, 2025 7:37pm Dec 3, 2025 7:37pm
Quoting montygoldy
{quote} meaning?? 70% tax??
you could keep 70% in USA.
since you are in Canada, the taxes are high... they dont follow 60/40 rule. It gets taxed as Income. Please consult a CPA there.
  • #3,343
  • Dec 3, 2025 8:51pm Dec 3, 2025 8:51pm
Quoting montygoldy
{quote} i am addicted to props … i wouldn’t even have started my live except there are no firms left to get big payouts
earn2trade is selling 50k for $76, no activation fee
  • #3,344
  • Dec 3, 2025 10:00pm Dec 3, 2025 10:00pm
Quoting TU2023
{quote} you could keep 70% in USA. since you are in Canada, the taxes are high... they dont follow 60/40 rule. It gets taxed as Income. Please consult a CPA there.
yep taxes are bonkers... this is my first time declaring huge amount.....
+ my job already salary already taxed so it puts me top bracketw which is like 50% plus i read somewhere
Extreme gut feeling trader
  • #3,345
  • Dec 3, 2025 10:49pm Dec 3, 2025 10:49pm
Quoting montygoldy
{quote} yep taxes are bonkers... this is my first time declaring huge amount..... + my job already salary already taxed so it puts me top bracketw which is like 50% plus i read somewhere
Ask the accountant whether there is any advantage to forming a company of 1, or a business going forward or remain as an individual?

Either way, don't forget to claim expenses, computer, internet, time worked, research, fees e.g. X.

Good Luck for 2026


Or ask Copilot -

Individuals looking to avoid income taxes on forex trading often relocate to countries with zero or highly favorable tax regimes, such as Monaco, the United Arab Emirates (Dubai), Seychelles, Bahamas, or certain other offshore jurisdictions.

Fancy any of those?
It takes a lot for me to IGNORE you, but you can try.
  • #3,346
  • Dec 4, 2025 12:52am Dec 4, 2025 12:52am
Quoting Erebus
{quote} Ask the accountant whether there is any advantage to forming a company of 1, or a business going forward or remain as an individual? Either way, don't forget to claim expenses, computer, internet, time worked, research, fees e.g. X. Good Luck for 2026 Or ask Copilot - Individuals looking to avoid income taxes on forex trading often relocate to countries with zero or highly favorable tax regimes, such as Monaco, the United Arab Emirates (Dubai), Seychelles, Bahamas, or certain other offshore jurisdictions. Fancy any of...
Nah man i like Canada i dont want to go anywhere else just to save money...

Yep as i never thought i'll be making 100k a month so its bettet to a get a champion tax guy .... probably going to use prop money to buy some rental properties with minimal down payment... mortgage can reduce the taxes ... need to find as many loop holes as possible... i am ok with somewhere around 25%-35% but 50% is pure blasphemy.......
Extreme gut feeling trader
  • #3,347
  • Dec 4, 2025 1:09am Dec 4, 2025 1:09am
See, kids, Monty is a Wikipedia-worthy example of first-world problems.
I want those, too.
Markets will move to the right.
  • #3,348
  • Dec 4, 2025 3:04am Dec 4, 2025 3:04am
Quoting montygoldy
{quote} Nah man i like Canada i dont want to go anywhere else just to save money... Yep as i never thought i'll be making 100k a month so its bettet to a get a champion tax guy .... probably going to use prop money to buy some rental properties with minimal down payment... mortgage can reduce the taxes ... need to find as many loop holes as possible... i am ok with somewhere around 25%-35% but 50% is pure blasphemy.......
monty you can launder your money in crypto, create meme coin and buy it then dump it with your wallet and say you lose all your invested money and you keep it in crypto safe in a cold wallet ahaha
  • #3,349
  • Dec 4, 2025 3:11am Dec 4, 2025 3:11am
I think everyone doing props would be well advised to check the tax implications in their country doing props. Here in Norway props are taxed as income, while if you trade futures in your own account (or actually get funded with a live account) it will "only" incur a capital gains tax. So the difference can be quite big. CGtax is 22%, while income tax can easily can become 40+%. I know the same applies for other European countries, as I have checked this before, but do your own research.
  • #3,350
  • Dec 4, 2025 3:51am Dec 4, 2025 3:51am
Quoting montygoldy
{quote} i am addicted to props … i wouldn’t even have started my live except there are no firms left to get big payouts .. top lstep - 5 max payouts alreaady trqdeify - 4 max payouts lucid - 3 max payouts mffu - already live fundungticks - already live futureanext - 50k in payouts so far Rest prop firms max payout is 4-5k per cycle which is nothing
4k is a lot of money.
  • #3,351
  • Dec 4, 2025 4:06am Dec 4, 2025 4:06am
Quoting montygoldy
{quote} Nah man i like Canada i dont want to go anywhere else just to save money... Yep as i never thought i'll be making 100k a month so its bettet to a get a champion tax guy .... probably going to use prop money to buy some rental properties with minimal down payment... mortgage can reduce the taxes ... need to find as many loop holes as possible... i am ok with somewhere around 25%-35% but 50% is pure blasphemy.......
buying more evals to offset the taxes if it is too much is an idea.
  • #3,352
  • Dec 4, 2025 4:09am Dec 4, 2025 4:09am
Quoting VeliVeliGood
I think everyone doing props would be well advised to check the tax implications in their country doing props. Here in Norway props are taxed as income, while if you trade futures in your own account (or actually get funded with a live account) it will "only" incur a capital gains tax. So the difference can be quite big. CGtax is 22%, while income tax can easily can become 40+%. I know the same applies for other European countries, as I have checked this before, but do your own research.
Correct.
  • #3,353
  • Dec 4, 2025 5:59am Dec 4, 2025 5:59am
Hi guys, I´m new here from Mozambique. Which prop firms would you recommend? I don´t really have much cash, so I´m looking for something on the cheaper end. 5k account that is, just to get me started. Appreciate any suggestions.
  • #3,354
  • Dec 4, 2025 6:52am Dec 4, 2025 6:52am
Anyone filed taxes from props in UK??. I asked on HMRC forum more than year ago and been told it's CGT because your income comes from trading basically even if it's demo account. Now i think it changed because i seen few online sources saying is self employed... I am really confused about it...
  • #3,355
  • Dec 4, 2025 6:59am Dec 4, 2025 6:59am
Few updates about forex prop firms.

Stay away from Maven and Goat funded. Both firms reduced my risk to 1% straight after passing evaluation. Maven couldn't even explained what this 1% mean , is it one position or trading ide or whatever.

Alpha capital recently asked my friend for interview, he got 5-10 withdrawals from 10k live accounts and when he submitted withdrawal 900$ they put on hold 3 withdrawals. I got my payouts from them regularly as well, by now no problem. Also they limited my max lot size to 2.5 lots on pro and 1.25 lot on swing accounts.

The5ers pays as always and funding pips by now as well.

Futures accounts - been paid recently by MFF and Lucid with no problems..
  • #3,356
  • Dec 4, 2025 7:16am Dec 4, 2025 7:16am
Quoting youngD
Anyone filed taxes from props in UK??. I asked on HMRC forum more than year ago and been told it's CGT because your income comes from trading basically even if it's demo account. Now i think it changed because i seen few online sources saying is self employed... I am really confused about it...
it is self employed, prop firms pay you as a contractor so is self employed but maybe is different in uk, but in developed countries it should be self employed income
  • #3,357
  • Dec 4, 2025 7:18am Dec 4, 2025 7:18am
Quoting Novazor
{quote} monty you can launder your money in crypto, create meme coin and buy it then dump it with your wallet and say you lose all your invested money and you keep it in crypto safe in a cold wallet ahaha
Ahaha.... clever guy
Extreme gut feeling trader
  • #3,358
  • Dec 4, 2025 7:20am Dec 4, 2025 7:20am
Quoting TU2023
{quote} buying more evals to offset the taxes if it is too much is an idea.
Recently i have been doing it... but still payouts are so huge as compared to evals cost...
Extreme gut feeling trader
  • #3,359
  • Dec 4, 2025 7:21am Dec 4, 2025 7:21am
Quoting youngD
Few updates about forex prop firms. Stay away from Maven and Goat funded. Both firms reduced my risk to 1% straight after passing evaluation. Maven couldn't even explained what this 1% mean , is it one position or trading ide or whatever. Alpha capital recently asked my friend for interview, he got 5-10 withdrawals from 10k live accounts and when he submitted withdrawal 900$ they put on hold 3 withdrawals. I got my payouts from them regularly as well, by now no problem. Also they limited my max lot size to 2.5 lots on pro and 1.25 lot on swing accounts....
thats the usual what cfds prop firms do to reduce their liability and cap traders profits, how come they didnt come as a real live account like futures?
  • #3,360
  • Dec 4, 2025 7:30am Dec 4, 2025 7:30am
Quoting youngD
Few updates about forex prop firms. Stay away from Maven and Goat funded. Both firms reduced my risk to 1% straight after passing evaluation. Maven couldn't even explained what this 1% mean , is it one position or trading ide or whatever. Alpha capital recently asked my friend for interview, he got 5-10 withdrawals from 10k live accounts and when he submitted withdrawal 900$ they put on hold 3 withdrawals. I got my payouts from them regularly as well, by now no problem. Also they limited my max lot size to 2.5 lots on pro and 1.25 lot on swing accounts....
Thats pretty common practice. 5ers and FTMO also do same things.
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