RE:Trading with your TFSA.... You might want to read this.... Busyzzindahouse wrote: highly informative.... i will sleep better
https://www.moneysense.ca/save/investing/tfsa/taxman-after-your-tfsa-unlikely/
Good read ... I've asked someone I know at CRA about this ,as I day trade in my TFSA sometimes . Background : I have 3 different Tfsa I run, mine , wife's , moms = all mine lol. The unwritten rule I got told was 1. If your account is under a million ,should be good . 2. Don't make more then 4 or 5 trades a week especially in consecutive weeks . Conclusion I had was with draw as I near 800k in each account and follow the second rule x 3 tfsa means I can do 12 trades a week . Governments first biggest loop hole was tax free on private residences. I've sold 5 houses leagally tax free with just cause . There second is this TFSA ;) I love government loop holes!! Take advantage friends it's the only way to get a head now a days Lol