本文发表在 rolia.net 枫下论坛#1. Deferred dividends in my post means the company file tax return, pay income tax, but does not pay out the dividends. The profit after tax thus accumulated as shareholder's fund balance sheet. I understand when to decide to pay dividends is a matter of corporation law rather than taxation law. You should be able to accumulate years, and then, at a particular year, you decide to start pay dividends. Because dividends will accompany by imputation credit, you may use it in that year. So, the answer is deferred dividends do not mean deferred payment of income tax. You will need to pay income tax every year. When use this approach, you should be very carefully and be fully understand the laws because as I know, there is some special sections in law to provent you use the imputation credit. It means you may waste the credit.

#2. There is no clear line to say which is investor, which in day trader. There should be some tests set to exam every case. Sorry I did not study very much of Canadian taxation law. Those tests should include such as how many deals you have, how long on average holdings, etc. I am not sure if margin lending a part of these tests because to me, both investor and day trader would us it.更多精彩文章及讨论，请光临枫下论坛 rolia.net