RE:RE:RE:RE:RE:RE:DGThat's 100% false. The CRA will deem that a trading account if you're doing a lot of trading within a TFSA. If you have like 5 grand in it...then obviously they won't care, if you're up to like +$250,000 in it like most of us early PYR investors, you can't trade frequently in a TFSA. Cheers
DeejayDG wrote: My bank says I can make as many trades in my TFSA as I want. You just have a contribution limit 5k a year and I think it became aloud 7 years ago at least in Canada I know this. I have like 35 or 50k limit. As like as you keep it in you can sell and buy same or different stocks over and over again. Once you take the money out of transferring to your regular bank it takes away from your limit. If you out that money back in your TFSA it counts as new money and goes towards your limit. If you keep to your legal limit it's totally legal that's what RBC tells me and I've had no issues. I don't even mention this money when I do my taxes and I've taken money out no issues. That said I wonder if snd when we hit the big money if I cashed out 500 thousand one day would that draw attention? I have been told if it was made by my legal contribution amount they can't touch me nor can they tax a cent. I mess around a bit while doing my regular job. In far from a day trader and not even a good one at that. I make and I lose 50/50 to be 100% honest. It's gotten out of hand I won't lie I should just keep my money in it's becoming like gambling at this point it's just very tempting when I watch these swings and our stock price has fallen since $12 bucks. I'm killing myself for not cashing out then. Imagine those who did that and bought back in a few weeks later at 6 or 5 or even 4. They probably tripled up their shares. My friend took some out and bought a car. He since then has even more shares than before and the new car. It's a dangerous game. I should just lock myself out of my trading account for 5 years and then I bet I'll be much happier and much richer cause by then PYR will be gang busters I'm sure.