RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CEO utube was great...AjarnEvan wrote: There have been examples of the CRA going after people who actively day trade with their TFSA. The claim that they make is that it becomes trading as a business as opposed to investing and making passive income. The CRA would love to tax you and they would definitely find a way to do it and they have as in that example.
Here's
link to more complete information.
Yeah that story they relate to in the article is from 2009. Also, the taxpayer in question was "A certified financial analyst and the Co-Head of a Canadian investment firm"... my thoughts is it was more of a test of the law in place, but he was definitely a professional trader.. and he lied about the details so he got grilled.
I'm fairly certain that you and I googling and stockhousing with our tfsa dollars are safe, even it goes to a million...
Even if you're daytrading, it's typically ok. I re