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Bullboard - Stock Discussion Forum BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s):  HNUZF

HNUs investment objective, is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times 200 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains... see more

TSX:HNU - Post Discussion

BetaPro Natural Gas Leveraged Daily Bull ETF > How does Revenue Canada treat active daytrading?
View:
Post by CrazyTrader on Feb 13, 2024 2:31pm

How does Revenue Canada treat active daytrading?

If I only actively trade HNU with my margin account, will that jeopardize my TFSA and RRSP?   All accounts held with same brokerage/account. 

I'm not a daytrader, and I said to myself I wouldn't touch these ETFs with a 10 foot pole, but starting to look tempting.    But, this isn't something you buy and hold, you actively trade it....... I'm worried if I do, that will jeopardize my tax shelter in my TFSA/RRSP.

Anyone know?
Comment by ANALOG GUY on Feb 13, 2024 4:00pm
This is what I know about that  Day trading in your Cash account has no effect on your Registered accounts ..... if that's what you're getting at?  Day trading IS allowed in your RRSP The CRA will get their tax money eventually....... if you have any left  Most people wouldn't day trade in their RRSP    You are going to trade a 2X leveraged ETF ...more  
Comment by CrazyTrader on Feb 13, 2024 4:34pm
NO, i will not use borrowed money.  I'll just use what ever money I have in my margin account to buy with, without using margin......IF I decide to buy. It hasn't gotten Crazy enough yet for me to start trading this.   Long term chart tells me all that I need to know....... Even at current price, I'm not sure if I can trade this and make money. All just my opinion/view ...more  
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