The best time to chop a maple is in the fall after leaf drop. Seal the wound, and try to keep it from freezing over the winter. The problem with chopping in the spring is that maples bleed profusely when the sap is flowing, which can weaken the plant. If you have access to a fast drying wound sealant, like Lac-basalm (sp?), you can do a little root work, then chop and seal quickly as the buds are opening in the spring.
Until then, don't touch the plant. Just let it gain as much strength as it can before you chop.