The point is about the 50% rule for capital gain or loss....
if Revenue Canada find you trade too much in your TFSA and consider you as a day trader they will not agree for the 50% rule and you could become fully taxable and I know some investors catched on that rule...
example: capital gain $14 000 x 50%=$7000 taxable at your bracket
day trader: capital gain $14 000 x 100%=$14 000 taxable at your bracket
it is not the same thing at all !!!! far less profit"
Sure looks like trouble amking to me loops!
LOL I never cared about your TFSA loops.
I wanted to know about your RRSP PMSL thanks for telling.
The TFSA traders are making tax free money loops.
What YOU are making is tax deferred money loops.
And since you use that money for entertainment and bills it isn't deferred for long.
loops you pay your full marginal tax rate on every cent (yes even couple pennies LOL) you
withdraw. Enjoy your fully taxed gains loops. LOL
GLTA
loopsbutterfly wrote: withdrawing fund of tfsa
you are a trouble maker
definitevely not me
enjoy your swing trade at $6,28 for couple pennies