RE:RE:RE:RE:House position Hi Papi;
Just contact your banker at Scotia and tell them you want to open "self directed TFSA account- one for Canadian and one for US"
Also on your T4 or NOA (notice of accessment) it will tell you what your contributable Tax Free Savings Account amount is- I suggest ALL CANADIANS MAXIMIZE THIS !!!
I do believe Papi you can "transfer in kind" from your cash account or margin to TFSA once its opened so when Score takes off and sell it at $5+ not paying any CAPITAL GAINS TAX on it!
(To anyone else who is Canadian and listening- you should ALL be doing the same! Stop F*ing around with margin taking excess risk unless your a professional and profitable CONSISTENT trader, and go open a self directed TFSA account maximizing your contribution as its one of the only great tax benefits this country has given us so take advantage!
All my HIGH RISK HIGH POTENTIAL BIO TECH HOLDINGS and SCORE go in my TFSA so if they run 500-1000% Im not getting killed on capital gains, even if capital gains is only 50% !)