PyroGenesis Inc T.PYR

RE:RE:RE:RE:TFSA + PYR

[Macer]

CndnBacon wrote: Your Brokerage is required to send the CRA your TFSA statements, and as such, if your account has grown to a value far exceeding the maximum contribution limit, you can be rest assured they are reviewing it to determine the nature of the increase for taxation purposes

96KLITE wrote: I'll have to disagree with you there Canadian bacon. Contribution only refers to the maximum that you can contribute to your tfsa so if you've never contributed to a tfsa in your life the maximum that you could contribute would be $69,500 to date. Now if your investment grows to 250k you are NOT going to be on CRA's watchlist. =CndnBacon]Buying and selling is part of an Investors strategy, and is acceptable within a TFSA, however Buying and Selling mutliple times,over a course of a week, especially the same stock, and makimg frequent withdrawls of Capital will DEFINITELY find yourself on the Capital Gains list from the CRA....in fact, somebody had mentioned anybody with a TFSA Balance of $250k+ is already on a watch list as it is 4x the Contribution limit.....

vers1demainvert wrote: If you want to maximize your wealth without paying capital gains a tfsa is the way to go. Be warned this is not for day traders for they will have to deal with the taxman. Only for longs. 

 

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As long as you are not trading with a relatively high frequency you should be fine when investigated. If you picked a couple lucky investments that are 10 baggers like PYR you will also be fine
macer