RE:RE:RE:TFSAPrZinvesting wrote: krisruna wrote: (1) Will like to know what are the rules of TFSA trading:
(a) I know "No Day Trading".
(b) And some securities are not allowed in TFSA.
Apart from above, are there any other rules for TFSA trading.
(2) With options (which are allowed in TFSA), the TFSA investment can rise very quickly. Any concern here.
If any one has any info, please post. Thanks.
the truth is as long as ur not a day trader you be fine there is no clear rules as how many trades you can do a month/year
so if ur not reinvesting unsettle funds or use margin everyting will be fine
i feel we beat this topic very offten here
As long as you have a job and your sole income isn't out of a TFSA like a business you can trade in your TFSA to your hearts content. It does balloon as well, meaning you trade up to 100k and take out 100 k, you can put the 100k back in. However if you've already put in your max contribution of 55k or whatever it is now, you can add any additional funds until the max limit increases. Profits can balloon to whatever you trade or capital gains increase to. When you do your taxes they don't even care or ask how much is in it.