Crius Energy Trust Tr Unit CRIUF

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"Crius Energy Trust through its subsidiaries is engaged in the sale of electricity and natural gas to residential and commercial customers under variable price and fixed-price contracts. The company, through its subsidiaries, also markets solar products to its existing customers as well as to new prospects. It provides retail electricity to its customers in the Connecticut, Delaware, District of Columbia, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsy

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Crius Energy Trust Tr Unit > Off topic TFSA question

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Comment by predawnon Aug 25, 2018 6:50pm

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Post# 28517783

RE:RE:RE:RE:RE:RE:Off topic TFSA question

LOL Ok I see whats going on you never understood my very first question on this deal;;;the 30 day deal is very well known if you know about stocks and trading ;;;IF you sell a stock and rebuy it in less than 30 days you lose the capitol lose if such exists ;;I simply asked if anyone knew of a trick to circumvent this sitation when selling in IA and rebuying in TFSA so U still get the lose in the IA account and rebuying in the TFSA ]]]]]]]]]]]]]]]]]

Sadie222 wrote: I’ve never heard of a 30 day limit, and can’t find it on the CRA site. They frown on frequent trading and can consider it a business activity and subject to tax as such, but no mention of a 30 day limit that I’ve found.

predawn wrote: OK so explain exactly what were you trying to say quote:
A 30 day limit may be broker-specific. I don’t think CRA cares.

Sadie222 wrote:

predawn wrote: I know its 1% the 1% will only be for 4 months as new year starts jan 01 just curious if they get on your case right away or is just deal one needs to clear up when time permits
the 30 day deal is most certainly not broker specific ;;its a very very strict CRA rule/tax law geez man why answer when u have no idea what your talking about ??

Sadie222 wrote:

predawn wrote: 1) anyone know if over contributing by a lousy 86$ is worth worrying about

2) anyone know of a way of circumventing the 30 day rule when selling a stock at a loss and buying back less than 30 days for use in a TFSA

Penalty for overcontributing is 1% per month of the overcontributed amount. That would probably be backdated from next March, when they find out. Do worry about 9 cents a month?
I assume you know your contribution limit. CRA has a site where you can find it as of Jan 1, then you can reduce it from there by whatever you’ve put in this year.

A 30 day limit may be broker-specific. I don’t think CRA cares. Leave the money in the TFSA and you can do what you want, when you want. They track in-and-out only. Institutions report those transactions by SIN before March of the following year to CRA.

I did say “may be” and “I don’t THINK CRA cares.”

They won’t get on your case unless they know about it, and institutions have until March of the following year to report transactions. I ASSUME that is for the full year.