GREY:EPWCF - Post by User
Comment by
Smokey1958on Feb 15, 2021 8:23am
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Post# 32567411
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Tax questions
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Tax questions October 20, 2020
If you are buying and selling stocks using a TFSA you should not participate in day trading or overly frequent trading. If you do so, the government may consider your trading activity to be a business and will make you pay income tax on your trading activity. The CRA can audit taxpayers who actively trade using a TFSA.
GalAnonymous wrote: What if you're not really a day trader? I'm definitely more of an investor but sometimes I do a swing trade. I tried to find answers online but it's kind of vague... I get it there is a contribution limit but I couldn't find anything about how much you can actually make there and not get into trouble.