PyroGenesis Inc T.PYR

DG

[fdfd12]

What account are you doing this in?
If you are doing it in your cash/margin account this many trades, you
will be flagged as a frequent trader and all your gains will count as INCOME with
no 50% capital gains advantage.

Did you know this??

[ITSUP2ME]

Just bought more shares with my CERB cheque...lol...GLTA

[DeejayDG]

It's a TFSA I spoke to my bank I can buy and sell as much as I want they said. 

[Thinkbigsti69]

Poor guy, Revenue Canada will be all over you when tax time comes around. 

[RealistDontalkm]

tax gains on all your trades plus penalty!!!! And this is why, you don't listen to day traders who only know how to make pennies in their trades!! if u don't pay the penalty get frozen account B!!! Good luck! DAY TRADER! just a thought to help u: if u don't pull it out as cash then u don't need to worry but, u are not like us longs who have real job....u need the money don

[Koooo]

DEEJAY. Why don't you do something constructive and go find us out the rules in the tsfa. When you find out please post on the bullboard what constitutes day trading and a tsfa. If you're doing that you're going to be screwed. Maybe even if you're not doing it. Would you do that for us please and thank you. You'll need to talk to cra. If you can find that out there's none

[StairwayTo]

Due your own DD, to find out that as long as you don't cash out of your TFSA , you're ok TFSA is for long term investment, but nothing prevents you to buy and sell on a weekly or monthly  basis just to increase your investment. One day you will cash some in with a nice return or not, and they will not care. . .

[fdfd12]

NO dead wrong. They see how much money you have in the account through the bank. The bank every once in a while has to send to the CRA accounts which have a high $ amount. Then they audit.

[StairwayTo]

No dead right. FD I like your input and views, but have you been burned with the CRA? Did you take some money out? What I'm saying is TFSA is like an RRSP but without the tax on your gains. In 5 years if you decide to take $100,000 out, it will be free of tax, regradless if today you traded a few shares .. ..

[Thinkbigsti69]

TFSA Stock Trading Rules You may be surprised to learn that your trading activity could constitute a business, even if it’s done inside a TFSA. The tax rules mean that should a TFSA operate like a business then they have to pay income tax. Recently, the Canada Revenue Agency (CRA) has focused their audits on taxpayers that are actively trading within their Tax-Free Savings account.

[bcsc]

Globe story on this topic https://www.theglobeandmail.com/investing/markets/etfs/article-beware-tfsa-day-traders-the-cra-may-be-coming-after-you/

[Thinkbigsti69]

Beware TFSA day traders: The CRA may be coming after you   CLARE O’HARAWEALTH MANAGEMENT REPORTER PUBLISHED MARCH 26, 2019 UPDATED MARCH 27, 2019   PUBLISHED MARCH 26, 2019 This article was

[Koooo]

Stairway.. you know nothing about tsfas. Koooo

[Yakushev]

Well, I never thought I would say this, but, FD squared is right about something: the TFSA. On a more consistent note, Stairway is a moron. Do you think the CRA is going to care if you don’t sell your stocks for five years. If you get audited and they deem you are collecting income, you are going to get taxed, whether you sell or not. All income gets taxed.

[HARJAY]

What fd fd hs said below i don't believe is not quite correct. its not the amt in your acct. it is the frequency of trading and the type of trading you do that will attract attn. as has been stated before by other posters.  ie. if you had bought PYR a few yrs back at say $0.30 and bought say 40k shares $12K worth and sold when it went to  $10 a few yrs later , that would be $400k , i

[StairwayTo]

It's either you don't have a TFSA account, or you do but lost money with your investments, because if you did and made money, you would know that CRA did not come knocking at your door. . .

[DeejayDG]

My bank says I can make as many trades in my TFSA as I want. You just have a contribution limit 5k a year and I think it became aloud 7 years ago at least in Canada I know this. I have like 35 or 50k limit. As like as you keep it in you can sell and buy same or different stocks over and over again. Once you take the money out of transferring to your regular bank it takes away from your limit. If

[Stubbyinsider]

That's 100% false. The CRA will deem that a trading account if you're doing a lot of trading within a TFSA. If you have like 5 grand in it...then obviously they won't care, if you're up to like +$250,000 in it like most of us early PYR investors, you can't trade frequently in a TFSA. Cheers

[Duke101]

In a TFSA the CRA will watch your account if you have over 200,000.00 and do a lot of trading. The CRA will come after you depending on amount of trades. If you withdraw any money say 10,000.00 in 2021 then you can deposit that 10,000.00 back in the following year and it does not effect your 6,000.0 limit because it is not new money but you are replacing the money that you took out the year before

[Yakushev]

DeejayDG David Gregory, why don’t you take your own advise, instead of trying to tell other people what to do. Does anyone think this sounds like a sane investor?

[g1234567]

of course the bank says you can sell and buy as much as you want...but its the CRA  that you have to worry about. If some worker there decides that your using your TFSA as a business account then you will be taxed on all profits regardless of when you cash out. there really is no law on the books but more like a smell test. Just goggle TFSA being used a business - and your find a few people

[Duke101]

DEEJAY....your bank is giving you wrong information on TFSA. Talk to Revenue Canada and get a booklet on TFSA. The TFSA started in 2009 and your limit is 75,500.00 If you take money out you can put that money back in the next year as long as you stay within your maimum limit.Make alot of trades with profit and CRA will come after you.I have been trading in TFSA since 2009.

[Koooo]

Duke.. you say a lot of Trades. What does that mean. Exactly please. Kooo

[Duke101]

I am not sure but I would guess about 30 per month.If you are making alot of money then they will watch you.

[gizmo66]

your right I've been preaching this for a long time now as soon as you get more than $250,000 in your TSFA they put you on a watch list.

[Winston123]

Generally speaking, it's the withdrawal amounts that will raise a red flag. The CRA monitors contributions and withdrawals as we are all aware. Withdrawal $500k all at once from your tfsa...guess what? You might raise a flag. Withdrawal $80k or less in small increments. No problem. But do it for years on end? Well that could look  like a business.  Also, if you are making so much

[DeejayDG]

The I guess im safe my TFSA was at 38K and now only 18K I took maybe a few thousand out in 3 years. like I said I don't have much to play with so i aint a day trader just want more shares which is why i make these moves and sometimes I need a few hundred dollars so sue me but i'm done with that. Although it would have been nice to have sold at 12 bucks when it dropped to 4 a few eeeks ater

[ottov77]

With your obvious investment prowess I can understand why your TFSA balance got cut by half.

[fdfd12]

TFSA cut in half? I have no idea what you are talking about.

[DeejayDG]

It got cut because I lost half my portfolio/money investing in that sh.. show Aurora.

[RealistDontalkm]

And you want people to follow you and sell their shares?? LOL!!!! And the way you defend your idioticy>>> GOOD LUCK TO WHOEVER LIKES YOUR POST!

[DeejayDG]

We learn from our mistakes and I'm not the only one whom fell for Aurora Sky and don't assume you know my intentions I'm nothing but honest with people. You on the other hand like to poke fun, insinuate like an overgrown child. Good luck with that this type of behaviour and class will get you far. 

[RealistDontalkm]

woke up before work and saw this post..... lol OKAY: correcting your mistakes for possible tax/TFSA fraud...posting false information, bashing on a company (my investment)... and shorting it!!! Because u "loss" money.... And I'm a grown as* child...  

[ottov77]

Deejay. Stop giving everyone shity selling advice and we might stop telling you what an idiot you are. This is a board primarily made up of longs. Your 5 cent flips and guesses do not impress any of us. Clearly guessing the market hasn't paid off for you in the past. You should learn from your mistakes. But you won't me thinks. 

[DeejayDG]

$5.40s the high sell lol

[fdfd12]

Oh sorry $5.50 the high sell -DG Oh sorry again $5.60 the high sell.. Oh sorry again $100 is the high sell

[DeejayDG]

Lol Touche 

[fdfd12]

DG you gotta give me a thumbs up on that one.

[Chrisgodfrey202]

If you lost 1/2 your portfolio on one stock you shouldnt be giving anyone advise. Listen and learn and dont clutter the board with your bad advise

[Koooo]

Duke... sorry wrong. We now live in a country where the government won't even tell you the rules. Just phone them and ask what constitutes day trading in a TSFA. Just tell them you want to know just so you don't do it . Then let us know. thank you

[Gordinno]

yea there are rules but they dont bother unless its a extrordinary amount of money

[StairwayTo]

There’s another angry investor. Why care about someone’s else tax issue   Are day traders make you feel uncomfortable about your own investment? Bring something to this board that is more constructive .. ..

[RealistDontalkm]

More constructive??? okay, day trading inside TFSA is considered an income or a business! If someone does not correct that with the cra...it is considered fraud!! And ur account will get frozen!!! that is CONSTRUCTIVE!!! Saving people from criminal activity is CONSTRUCTIVE!! LOL!!!U MUST BE SCARED TOO!!!

[StairwayTo]

I agree, as long as you don't take it out of your TFSA, for a while . .