Canadian Brokers ? | Forex Factory

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Canadian Brokers ?

  • #1
  • First Post: Aug 21, 2008 8:56pm Aug 21, 2008 8:56pm
Are there any Canadian Forex Brokers (trustworthy) out there I can deal directly with instead of going through W-8BEN forms and stuff.
  • #2
  • Aug 21, 2008 10:42pm Aug 21, 2008 10:42pm
Mate why are you so afraid of the W8BEN? to my knowlege it pretty much releases the fcm of your us tax liablility
  • #3
  • Aug 22, 2008 3:45pm Aug 22, 2008 3:45pm
Quoting Voldemort
Mate why are you so afraid of the W8BEN? to my knowlege it pretty much releases the fcm of your us tax liablility

I read the information package for W8ben and it talks about withholdings of 30% and I may end up paying taexs in us and canada. May be I am over reacting. Thans for yor answer Voldemort.
  • #4
  • Last Post: Sep 17, 2008 12:14am Sep 17, 2008 12:14am
My accountants have told me you either pay taxes in Canada OR in the US. Not both. Who you wish to pay depends on where the broker is located and other variables... I'm still shopping around for a broker myself...
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