Hey HFT, I’m interested in doing a setup. Can you please get in touch with me?
I will wire my friend the deposit to his individual account from which he will open a futures account there with his own money, if I get the profit, he’ll wire me those CAD with his personal account as gift.
Under DTAA, gift is taxed once and I agreed to take care of the taxes generated through my profits?
Is this right way to go to avoid any legal attention?