PINL:GRPOF - Post by User
Comment by
altitudeson Jan 24, 2018 3:23pm
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Post# 27426293
RE:RE:RE:RE:RE:RE:If you plan on holding - Read further
RE:RE:RE:RE:RE:RE:If you plan on holding - Read furtherspoke to a tax lawyer about this a while ago when i thought i was going to be a millionaire last summer. If you make the millions holding a stock it is ok to keep in TFSA without any penalty. If you actively trade/day trade/margin trade stocks in our TFSA then you CAN get calssified as a short term profit investor and you can potentially pay taxes on gains. The grey area is what active trading is There is no clear cut definition of how many trades you need to do a day or week to be classified as a day trader.