RE:RE:RE:RE:RE:RE:RE:RE:RE:KNTNF appears to be cheapDay trading has been considered income for years, decades, if not forever. Now sure, at times it might get a little blurry, if someone does some quick trading for a little while is that day trading? But the CRA has rules in place, easy to follow rules, and most day traders do follow them.
Now the TFSA thing is interesting. The government really fumbled it with the TFSA. It was introduced as a reward for rich taxpayers by good old Steven Harper. Problem was they didn't really think it through. Some folk started making big money in their TFSA, and alarm bells went off since it was all tax free. But it was all legit according to the original rules. So they madly started changing the rules. One of the many Harper boondoggles.
Most day traders trade in an ordinary retail account. And pay tax on it as if it is income, not capital gains. It is that simple.