RE:RE:Quick questionmadeinhemlo wrote: No I haven't. Here's the way I understand it. The TFSA was created as a tax free savings account. All gains whetherer cap gains, div. or interest are tax free. If I choose to use the account for rapid or excessive trading I am deemed to no longer considered a saver. Now I am a stock trader. But RevCan still doesn't know. It's only when the bank ( federally regulated) sends a tape to CRA ( which they do) showing my trading activity will they begin to take notice. But the evidence will be there plain as day and CRA will be in touch.
So I like to trade in my RRSP because all money withdrawn is taxable so CRA doesn't bother me.
GLTA & Stay Safe
I've done alot of research on this and my understanding and my brokers is you can invest in your TSFA and if you hit it big like I have with both HPQ and PYR it is fine, but and this is a big one if you have a bunch of activity buying and selling the same stock they consider you a bussiness and will come after you. So one or two trades is not going to raise any red flags they cant go after you because you picked a couple of great stocks because esp with HPQ I could have made 100s of thousands of dollars day trading but I wouldnt risk selling one of these stocks LONG AND STRONG