RE:RE:RE:RE:RE:Looking forward to the future 🔮 2022!Crunchy, I have no idea who Wealth Simple is. I would recommend that you trade 100% through you bank simply for convenience, i.e. Royal perhaps, they will create a TSFA for you which then by law, report to Revenue Canada (they keep track of what goes in and goes out so you remain compliant with the requlations.
If I were you, I would open a margin account and TSFA with the bank you do business, and link your bank account, margin account and TFSA, together. Once you have done this you can transfer money in and out of these three entitites. Royal has commission less than $10, so the fee are irrelevant. They will then transfer your SALT shares from you margin account at fair markets value at the time of the transfer as a contibution to your TFSA up to the $80,500 limit. NO taxes are paid, perhaps there is a fee, then everything in your TFSA will be sheltered and tax free. So if you make $1 M in your TSFA, you can withdraw any amount you like TAX FREE.... Good Luck.... and as I said, if you have a spouse, she can also open a TSFA, kids also. Good Luck