tax stuff - in Canada

[wong <whs@xxxxxxxxxxxx>]

Hi All who live in Canada:

I read with interest the various posts on tax questions, incorporation, etc.

Unfortunately, these are for U.S.

Even Ted's book is for US residents.

Anyone interested in picking up the thread with a Canadian view?

For example, we don't distinguish between short-term and long-term capital
gains.

And if I remember correctly, about 25+ years ago, we were allowed to
designate whether the gains/losses were to be regarded as capital gains or
income.  Since I'm out of the tax field entirely, I'm worse than the
average Canadian tax payer as far as income tax knowlege goes.

As for incorporation, I haven't got a clue...

Regards,

Wong

ps: I would rather spend more time optimizing than studying tax law
revision every year.