DMG Blockchain Solutions Inc. V.DMGI

TFSA

[bubba9]

Had to do some searching as I have made quite a bit in my TFSA. As is normal, CRA will not tell you what you are allowed to do in a TFSA. They will only tell you after you have broken their grey rules that nobody knows about. This is the answer I got from someone I trust...
Your question falls in a dark grey pit, as you know. The best answer i could find is from Advisors Edge and says "The CRA has said that it looks to set of factors to determine whether a TFSA has been carrying on a business, including the frequency of trading, whether the TFSA holder has specialized knowledge of the markets, and the time the TFSA holder spends on researching trades. The government did not provide any additional guidance to taxpayers of what it considers to be carrying on a business"

[Nakate]

its a grey area so if they want to make your life misirable they will, best thing to do is leave the profit in there, day trading could be considered a business especially if all your other accounts see little to no activity and you declare no income for the year yet you are driving a Lexus and living in a mansion 

[johnnygun57]

bubba9.If your trading in Tsfa account and make good cash,I can garantee you they will nail You at your tax rate. The TSFA is NOT a trading account. Yes I know it is an account that you pay no tax on but this is a Savings account. Doesnt make sense but the government doesnt want you making a pile of cash frading  in this account.

[nicareal]

I was scared to trade my TFSA due to lossing my position . Luckly i only traded in the margin account. TD bank teller Said i over contributied in my TFSA and i Said Thats my investment. I mentioned to my notory i had a million in my TFSA and he Held on to the Wall to stop him from fallinje to the Floor . He has never hurd of any one with a million in the TFSA . My cost 58k , DMGi is the best