OTCQX:GTBAF - Post by User
Comment by
goindeeperon Jun 19, 2020 10:45am
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Post# 31169186
RE:TFSA.......
RE:TFSA.......CRA starts looking at you if you:
1) have large gains - so GBR holders need to be careful. Article below speculates the threshold may be $250 000
2) do day trading
3) are in the investment business
Once I realized what was happening with GBR and became aware of the TFSA I stopped buying other stocks in that account and will just hold GBR until the end because it is just a great investment. I'm not sure where they will draw the line as to "too many wins/trades" so I am not taking a chance with my huge gains. They may still try to deem it a taxable gain though. I haven't searched for the results of any court cases
https://www.moneysense.ca/save/investing/cra-tfsa-accounts-court/
https://business.financialpost.com/personal-finance/tfsa/canadians-with-too-many-wins-in-their-tfsa-being-targetted-by-cra
Lookingforclues wrote: Are investments in the above 'Truly' Tax Exempt?
I am hearing different stories.....
TY.