1

Is it possible for an individual in Canada to open a company whose primary activity is trading stocks? That is, a person trades stocks under the name of the company they open. Is it legal to do so?

4
  • 4
    Is it the corporation's own money or is the company trading with money from someone other than its equity investors? The former is a personal investment company, the latter is a stock brokerage or private equity fund. Regulation of the two kinds of activities is very different.
    – ohwilleke
    Commented Oct 28, 2022 at 20:44
  • 2
    @ohwilleke trade using the company's own money--basically means my money only
    – Faito Dayo
    Commented Oct 29, 2022 at 1:10
  • What would be the purpose of this? To protect yourself from liability? Essentially all publicly-traded stocks already carry limited liability. Are you going to be trading on margin and want to make sure that, if you get a margin call, you can walk away and let the company go bankrupt? Commented Oct 30, 2022 at 0:16
  • I am trying to get the benefit of both revenue and lost so that I pay less tax when I earn money while also be more protected from losses.
    – Faito Dayo
    Commented Oct 30, 2022 at 2:34

0

You must log in to answer this question.

Browse other questions tagged .