Post by
jmaan on Nov 07, 2023 8:27pm
Tfsa account...
Remember guy's if you got a healthy TFSA account and you want to average down in your cash account, you can transfer money over but don't do what a buddy of mine did, that's after he averged down and came out positive. He sold and then put his transferred money from his TFSA account back to his TFSA account which is a no, no! Can't do that until January! And yep he got tagged by revenue canada! Learn hard way I guess!
Comment by
Swackaboozy on Nov 07, 2023 10:46pm
Only put withdrawn money in next year.Also don't high frequency trade in TFSA revenue Canada is watching.
Comment by
jmaan on Nov 07, 2023 11:03pm
That's right, don't use your TFSA like a cash account! Frequent trades can trigger revenue canada eyes! I have called revenue canada on this issue and they have never given me a straight answer cause they don't know them self! Each case is different is what I was told so don't chance it!