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Title: New on canadian market... Post by: badguiz on March 17, 2008, 11:07:30 AM Hi everbody !
I am quite new on the canadian market, and I need information/help to guide me. First I would like to know who are the online brokers that offer the lowest equities ? I know TradeFreedom that seems to be good, but who are the others ? I also know Disnat but it is quite expensive ! Secondly, I would like to know where I could find infos on options ? I am trading in France and I use a great web site named www.boursorama.com where all the options (warrants, turbos etc.) are listed. This site is a model for me and I would like to know if something exists for canadian/US stocks ? Finally, does anybody know about fiscality ? What are the taxes on gain ? When are we considered to be professionnal ? Thanks for all ! Title: Re: New on canadian market... Post by: slavas on March 18, 2008, 11:34:12 PM Hi badguiz,
- who are the online brokers that offer the lowest equities? I use Questrade as online broker. The cost is as low as $4.95 per equity transaction and 10.95 per option contract. See http://www.questrade.com/ for more details. If you consider joining, let me know so I will refer you. They have a referral program and the referrer and referree both get free trades. - where I could find infos on options? In Canada options are traded on Montreal Exchange. You can find the information and the quotes here: http://www.m-x.ca/nego_liste_en.php - Finally, does anybody know about fiscality ? What are the taxes on gain ? When are we considered to be professionnal ? You'd better consult an accountant for that question. If I am not wrong, only 50% of the portfolio income in Canada is being taxed, meaning for every $100 gain your personal marginal tax rate will be applied on $50. Hope this helps. Slava. Title: Re: New on canadian market... Post by: badguiz on March 19, 2008, 03:32:52 PM Hi Slava !
Thank you very much for your answer, it helps me a lot ! That is exactly what I wanted to know ! ;D I will have a look on Questrade and I'll let you know if I consider joining them... Thanks again, Guillaume Title: Re: New on canadian market... Post by: badguiz on March 19, 2008, 04:43:46 PM Well, I've just trial the web platform for free with questrade. It is not so easy to deal with, and I am not sure to fully understand how it works, but I think it would be just a question of time.
There is something that I would like to know.... I don't really know all the firms that quote on the market, and I really don't want to make a research letter by letter etc. Is there a way to search for the most active stocks of the day/month/year ? Is there a way to search for the most active options, with the biggest volume ? I ask this because the platform I use (not for canadian/US market) is very simple for this. It is simply a web site (free access, no loggin) where I can find all the stocks and options of the market, with their volume, variation etc. It is then straitforward to find a very active stock/option to trade on it. |