Royal Nickel Corp. RNKLF

RE:RE:RNX/TFSA Question

[Jimpro63]

By the way, I used to work for CRA
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Jimpro63 wrote: Yes  and if you are day trading in your account it would be considered a business and you could be taxed on your earning...  If you buy a few stocks like Royal Nickle and they happen to go up 200% ...  Good luck to Revenue Canada trying to tax you ...I think it's common sense ...    

Antonio Montana wrote: Hello All,

I've got a quick question for RNX Canadian investors.

I'm looking to fund my TFSA account and was thinking of loading up on RNX stock.  For me, the potential is worth the gamble. As you all know, no capitial gains with a TFSA.

I've read/heard that CRA is becoming more picky with the stocks that are allowed to be purchased within a TFSA since there have been reports of millionaires being made since it's inception in 2009. There appears to be some restrictions also on the amount of trades being made within the account. If you make too many trades, they deem you as a daytrader and as a result, all gains made are no longer tax free.

Here's my question. Is there anyone here that is buying RNX stock within a TFSA?