RE:RE:RE:RE:RE:RE:RE:TFSA + PYRAre you day trading, making cake, and withdrawing funds every 2 weeks or monthly from those gains? If you are, then you are using it as income....I have made a number of withdrawls from my TFSA over the years without issue, and its clear to see if audited, its clearly not "income"
Aarman4 wrote: Heres what I don't understand....
If you are doing well in your TFSA, is it no tthe intent to take a paycheque from it eventually? Otherwise, what is the point? Does it not become an RRSP is they start taxing you on taking profit?
I totally undertsand the stance against high frequency day trading(I do disagree with it though), but what is the point of the TFSA if removing money from it when you need it is taxed?
Cheers!