The last 6 PostsThe last 6 posts on this site were all penned by CainisUnable. I though he had said good night quite a while ago. Could it be because I am getting under his skin ........ again ......... because I am right ..... again?
I will try to make this more clear to him (and for the last time):
Trades within your TFSA can be made as often as you like, without having to pay a capital gains tax. However, note that conversely you cannot use capital losses on investments in your TFSA to offset the gains. You should be aware that the Canada Revenue Agency (CRA) may audit a TFSA if investors are using their TFSAs to operate a business of trading securities – for example, if trades are too frequent and you earn large gains.
The “30-day rule” you are referring to, is called the “superficial loss rule.” A superficial loss results when a capital loss is triggered in a taxable account, but the same investment is purchased in another account within 30 days before or after the loss is incurred. *** This was not a Taxable account nor a different account***
What are you not understanding here?
And speaking of understanding. Try re-reading your posts before you hit the 'post' button. Many of them are poorly written, incomprehensible, or just don't make any sense.