GB Group Ord Shs GBGPF

100% certain their is no exemption

[true377]

why post such utter nonesense

obviously you have never made a dime (which woul dbe taxed) trading

[Stonyguy]

I actually due well enough, I average a gain of 8 to 10K per month with a working capital of 50K, depending on how much time I can commit.  I trade part time.  However all of my trading is within RRSP and TFSA so the gains are sheltered.  So if, capital gains exemptions no longer exist then I am mistaken.

[true377]

If you are actively trading in your TFSA when you get audited by the CRA you will not be taxed capital gains, you will be taxed at your normal %

[Stonyguy]

Can you plase tell  me what TFSA stands for?

[true377]

you are clueless, you cannot run an active trading business in it you will be audited and taxed at a regular rate You have no clue about anything related to trading and each post you make, makes it clearer

[GarlicToast]

This post has been removed in accordance with Community Policy

[true377]

You must make like what $250k a year at your regular job? I mean you claim to may $96k-$120k a year trading part time of working capital of $50k your lie is so absurd

[Stonyguy]

Margin accounts turned things around for me about a year ago, I short very seldom, but taking gains on borrowed money is very profitable.  Just be careful and set your stop loss works out most of the time.  I do have my losses don’t get me wrong.  Just turn the short order over to a long position and vice versa 

[true377]

You said you only trade in your TFSA and RSP 4 posts ago -- you are a rambling child

[Stonyguy]

Yes I do and there are losses and profits in all of my accounts, and yes I will be paying taxes this year.  That’s a good thing from my point of view that means I have been making some money. I am checking out of this conversation True, good luck and have fun

[true377]

Stonyguy wrote: I actually due well enough, I average a gain of 8 to 10K per month with a working capital of 50K, depending on how much time I can commit.  I trade part time.  However all of my trading is within RRSP and TFSA so the gains are sheltered.  So if, capital gains exemptions no longer exist then I am mistaken.  

[Demian72]

there is no margin account in TFSA and RRSP - he is a day dreamer

[Pivotcatalyst]

really bad liar actually

[Stonyguy]

The original question was about capital gains tax and I could be wrong about that, everyone says I am so then I am.  I think I mentioned that the advice of a professional was in order     I did say all is done in my RRSP and TFSA, it is not all.  Most is the intent  there, does that set the record straight I made a mistake so rather than focus on ones shortcomings (unless

[45Freedom]

The way your TFSA works, is the government allots canadians a specific amount per year to contribute to your TFSA tax free.  This means any gains made on this money is not taxable.  So if you make 1,000,000 on a 20,000 investment, you are exempt from tax on the gains. If you go over the contribution allotment per year, you will be taxed 1% on the overage and gains, per month, until you

[true377]

I assume you realize you cannot short in TFSA or RSP Stonyguy wrote: I actually due well enough, I average a gain of 8 to 10K per month with a working capital of 50K, depending on how much time I can commit.  I trade part time.  However all of my trading is within RRSP and TFSA so the gains are sheltered.  So if, capital gains exemptions no longer exist then I am mistaken.