RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:swing trade at $6.28Well VV this is loops post. Maybe he can explain it to you.
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Comment by
loopsbutterflyon Jan 07, 2024 9:39pm 
150 Views
Post# 35814982
RE:RE:RE:More TFSA money
The point is about the 50% rule for capital gain or loss....
if Revenue Canada find you trade too much in your TFSA and consider you as a day trader they will not agree for the 50% rule and you could become fully taxable and I know some investors catched on that rule...
example: capital gain $14 000 x 50%=$7000 taxable at your bracket
day trader: capital gain $14 000 x 100%=$14 000 taxable at your bracket
it is not the same thing at all !!!! far less profit"
GLTY and all
VeritasVern wrote: Qunite, I am not sure what you are refering to regarding trading in a TFSA. Perhaps you mean moving funds in/out of a TFSA? That could have limits. I am quite sure you can trade as much as you want in a tsfa given you may make money or lose.
Trading is a Tax Free account is just that - tax free. So if you make 100% profit, it is tax free as is any withdrawals which would include any capital gains.